Euro was unable to hold gains above 1.4120 and reversed down sharply in Asian session finding support at 1.3975 (61.8% of last rally) look extremely oversold. From here upward move could be seen with 1.4080/4140 as possible targets.
EURUSD buy @ 1.4000 with 1.4100 target and 1.3930 stop.
Added by Reza Ajorloei on October 31, 2011 at 11:44am — No Comments
Euro rally was extended yesterday to 1.4246 after EU summit, now we expect brief correction toward 1.4100 (daily pivot) where buyers will come to market for 1.4250 retest.
EURUSD buy limit @ 1.4100 with 1.4240 TP and 1.4000 Stop
Added by Reza Ajorloei on October 28, 2011 at 10:18am — No Comments
Hello all mates
Euro is painting 1.3800-1.4000 region from last week yet, 1.4040/50 (50% retracement of 1.4940/1.3150 decline) is next resistance that massive sells could be seen however breaking and holding above 1.4050 will lead to 1.4150 and 1.4250 targets (61.8% retracement). In downside .3850/1.3860 break again needed as first short sign. Sit back and see market reactions to these levels.
No trade recommendation.
Added by Reza Ajorloei on October 27, 2011 at 6:24am — No Comments
Euro gains seem to be limited around 1.3950 (today high) and we can see slide below 1.3800 most likely around 1.3730/1.3700 as initial dip moves.
Sell Stop @ 1.3820 could be taken
Added by Reza Ajorloei on October 24, 2011 at 8:59am — No Comments
EURUSD well defined in 1.3650-1.3850 range for last 48 hours, now we have to wait either way it will break formed triangle! personally I expect 1.3650 break and 1.3580 breach for today.
EURUSD sell stop @ 1.3700 targeting below 1.3580 and stop around 1.3800
Added by Reza Ajorloei on October 21, 2011 at 6:43am — No Comments
Euro well moved down yesterday reached 1.3680 support in early European open, keeping 1.3680 as support suggest further correction ahead with pointing to 1.3800/20 resistance. My expectation for today is 1.3650/80-1.3800/20 range move.
Added by Reza Ajorloei on October 20, 2011 at 8:14am — No Comments
EURUSD was unable to break 1.3650 support and as was told yesterday moved back in corrective mode, now swinging above 1.3800. Another move to 1.3920/40 area is likely but I think reversing potential is higher for break of 1.3680 retest and even more 1.3600 support if 1.3650 breached.
Sell stop order @ 1.3780 with 1.3680 target and 1.3860 stop.
Added by Reza Ajorloei on October 18, 2011 at 8:47am — No Comments
Added by Reza Ajorloei on October 17, 2011 at 7:50am — No Comments
EURUSD seems to head south today with targets below 1.3600.
Sell stop @ 1.3700 target below 1.3600 stop 1.3800…
Added by Reza Ajorloei on October 14, 2011 at 5:00am — No Comments