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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
wish i could show you the bigger picture... but the chart in this forum is really bad as we all know...
happy weekend... :)
if it was to move lower... today's high or max 3440 should cap any further upmove... and should settle below 3200 level....
so gl puzzo... hope to see your 3050 target...
your chart may be viable if this line falls
daily close below that level would be initial signal for drop to new lows....
gl puzzo... :)
euro is in fall fundamentlly, for the upmove needs to establish da 2nd leg to convince the long term players
3230/50 would likely provide strong support.... could dip below that level but daily close below that level would be a caution for Euro bulls.... considering the fact still haven't taken out the 3440/50 main reistance or haven't closed above 3400 level(weekly)... still could go either way... next week would give clearer signal(break above 3450 would be a green signal for target of 3600/50... or if it settles back below 3200 level.... could see dip to 2850/2900 level first...
personally... i'm a bit biased to the upside first to target around 3700(as long as capped below 3800) level then down to 2800/50 level
so... how do you see it puzzo?