EU - From US session 24th - into Friday 25th - Intraday moves and Updates

I had not planned to do a EU blog today - as been concentrating more on other pairs - which have been moving more.

From 1.00pm UK time a nice up move started - caught on the tick chart - and since the move is over 20 + pips was worth covering - as this may be a start of more movements - even both ways !!

I will update further after the half hour change - but please feel free to contribute with regards to intraday trades etc for the US session

Good Luck

Regards

Peter

6 members like this

Comment by kamdi eloji on January 25, 2013 at 6:07pm: hi peter , sun went for few hours and came back and noticed price went 3478 and almost dropped to 344 currently i am reading that price is still in an up channel or am i reading it wrongly if so what next?

Comment by Peter jcp on January 25, 2013 at 6:19pm: Cheer Leon - look forward to seeing some of your trading plans next week - hopefully we can both work on - HI Kamdi - Yes EU still in up channel - but have a rest and may retrace lower - until ready to try higher again. The main intraday supports for me are 3404 - 10 area and then 17 -25 - whilst we remain above these supports we are still in up channel for higher. If those let go - then we might get a larger retrace - ie another 30 -300 pips - that would be the unknown until we see how lower supports would react etc

Present range is say 3450 - 3478 - and under 50 may drop to 42 or 30/35 area

I have stopped for day now but will check every hr or so just in case a nice scalp - but its looks as though all main action over for now - unless we move out the current range

Have a great Weekend

Regards

Peter