Still we are moving slowly in a range and also may close this week int this narrow range. Many traders have forecsted EUR drop, but i'm still thinking there is far more room for upside movement. However the current EUR hesitation shows some uncertainty and after some more upside a massive drop will follow perhaps. We have very good support @ 1.3060 and another stronger @ 1.2970 but first of all is 1.3170.As far as we are above it - possible rise to 1.3330 if close above then prepare for another 200 pips upside where a correction will follow. Enter Short if below 1.2950.

Views: 572

Tags: EUR, USD

Comment by asif pervaiz on February 22, 2012 at 5:12am

a nice contrary analysis but i'm with u, hope 3330 soon

Comment by naivetrader1 on February 22, 2012 at 5:47am

Naive observation: 'Looks like a 'Diamond' on EU H4, over last 15-16 candles. Is it a calm, before the storm?!? 

Comment by Shaji on February 22, 2012 at 2:55pm

What about the Gold???

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