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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
my 4180 longs triggered.... now need to to break above 4220 and more importantly 4256( break confirms north)... might see initial resistance @ 4280 for pullback to 4210 area... but 4360 looks to be minimum target(if 4256 breaks)....
good luck with our longs! :)
decent setup from here..once past 4235 can see some acceleration..
OR we see 1.3700 straight away..
so long now 4187 stop 4135
my bullish bias from 1.1876 remains as long as it trades above 1.33 level....
the only question remains do we see 1 more dip to 3500~3700 area... or is it headed higher already.... weekly close above 4500 area would be a strong signal but only break above 4696 confirms north...
weekly close below 3950 would signal deeper pullback to 3700 possibly 3500 area....
trade for today looks like a long setup.... for 4360/70 tp.... and if it breaks above 4400... will extend to 4500 level.... gl/gt
http://www.cantos.com/charts/project/8514/company/Intermarket%20Strategy/term/Analysis
Ashraf
a few more pips...
CHF strengthens again