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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
Subway..ths bear already awake...but readin your stuff..
but will clsoe half posis now to bank 2.7 k.....for bar tab..
leaving 4 units short from 3350..
surf's up..
break of 3450 would be a very bullish signal at least short term... if we see extension first to the upside.... could see initial resistance around 3500 area... any pullbacks would be limited to 3200/30 in this case.... upside target would come in 3690/3720 area....
if we move lower first watch 3230/50 area... this area should stay intact if Euro would be moving higher short term... break and daily close below 3200 area would wake up the bears and would push Euro lower down to 3000 area initally then probably lower to 2850/2900 area...
looking to buy 3220/40 if it dips first.... or sell 3480/3500 if extends higher first...
posis = adding to euro/$ short here @1.3350...med units..stop area = 1.3430 euro where I will sell usdchf
adding to euro below 1.2969 making sure to clear for the lower channel.....2581 and lower..
http://www.frontlinethoughts.com/article.asp?id=mwo120310