nmike
Long

Euro/ USD update(daily)

FX:EURUSD   Euro / U.S. Dollar
858 10 12
After a low swing bounce off S3 the EURO             has had a nice move up.Currently it's above R1 , if it can clear R2 the next near term target is R4.
>>>>just a reminder to take some or all of your profit at resistance or support especially when you have divergences
snapshot
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It is time to go down :) ... first target 1.3000
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nmike MOD ForexPic.com
@ForexPic.com could be, at least to S1 near term
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Next month will be very interesting and i believe very volatility.
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>>>>R4 broken, should reach R3 soon
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>>>>> currently below R1, could see EURO fall to S1 near term
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thank you Mike, enjoy your weekend
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Excellent trade thanks for sharing.
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he is on r4 now.... do you think we will see some more upmove now to R3?
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nmike MOD butterliesel
@butterliesel, currently momentum and candle pattern are bullish, RSI & Stochastic are still showing strength to the upside, therefore it's highly likely that the Euro will hit R3 near term but first it must clear R4
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