KXRTrading123
Long

EURUSD - ST Hourly Update

FX:EURUSD   Euro Fx/U.S. Dollar
Hourly is working its way thru the cloud and pulling along the 10EMA for verification. Hovering above ins the 200SMA and the 76% Retrace around 1.1135. Failure right in this range brings us back to 1.1085 fairly quickly.
Comment: Strong move up overnight/morning leading into the New York Session. the 1.1200/30 should contain today's.
Comment: 1.12 might be a strong top. Follow Thru at this level is starting to weaken:
snapshot
Comment: The 1.12 area proved itself as a top. A close above the 200SMA at 1.1143 may suggest a ST bottom. There is cloud support a 1.1130 and the 100SMA just below there.
snapshot
Hi, i bought at 1.11196 at about 5 pm cst and im still in at 1.11547 at 11:25 cst, is it possible that this is the beginning of a trend reversal?
Reply
Nice Work Entrenched. Just getting the morning going for me. I closed half my position at 1.1175. The even number of 1.12 will be slightly magnetic. You have the 100DSMA at around 1.1230 and you have the 50DSMA just around 1.1150. Trade according to your risk.
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