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Thread: Eur/usd

  1. #1
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    Default Eur/usd

    The European currency was a bit neutral yesterday since it lacked momentum, but it remained above the critical support level at 1.3610, the consolidation above the mentioned level let the technical indicators reflect the bullish wave; therefore the Euro today is expected to move towards the upside until the level of 1.3660s.

    The trading range for today might be between the key resistance level at 1.3680 and the key support level at 1.3580.


    The general trend is up as far as 1.3350 remains intact targets now at 1.3700 and 1.3840

    buying Euro above 1.3610 with a target of 1.3660, stop loss below 1.3570.

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    looks like E/U will be breaking it's previous top hopefully for the last time =P

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    Wow your target was hit dead on! so where does it go from here? Down?

    what indicators do you use?

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    Daily Pivot Points Summary

    EURUSD 1.3637 1.3609 1.3625 1.3582 1.3595 1.3610 1.3624 1.3639 1.3653 1.3668 20:00 GMT

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    4 Hours Pivot Points Summary

    EURUSD 1.3739 1.3657 1.3710 1.3584 1.3620 1.3665 1.3702 1.3747 1.3784 1.3829 20:00 GMT

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    Hourly Pivot Points Summary

    EURUSD 1.3728 1.3714 1.3728 1.3705 1.3710 1.3719 1.3724 1.3733 1.3738 1.3747 20:00 GMT

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    Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3758 or 1.385 if support around 1.3696 hold. After which a pullback to 1.3696 - 1.3671 zone is possible.

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    1.3745. Decline should be supported around 1.3722 - 1.3698 zone for rally to above 1.3810. A clear break of 1.3698 will damage this expected rally.

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    Default

    euro
    sell 1.3770-90
    buy 1.3720 (1.3670 may be)

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