Technician

#EURUSD Short-term possible scenarios #forex

FX:EURUSD   Euro Fx/U.S. Dollar
3379 19 42
EURUSD             is showing some signs of life again, after the major sell-off we have seen in the U.S. dollar on Wednesday, However, most of Wednesday's gains were erased yesterday, in a heavily volatile few sessions.

What I am watching , two possible scenarios:
  • I am expecting another test of 1.1036-1.1113 resistance area , I would look for long signals towards that resistance.
  • If we reach there, and I see a bearish candlestick i wouldn't hesitate to short again, for short term targets at 1.0800 and 1.0612.
  • A break above 1.1113 resistance will probably confirm a more prolonged upside correction, i would target on that case 1.1440-1.1532 area.

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Have a good week end Mr T. :)
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Thanks mate, you too
-1 Reply
Technician TOP Technician
I like the Nickname :)
-1 Reply
Technician TOP Technician
Mr. T , sounds like a good name for a serial killer movie title or something haha
-1 Reply
Benczurfi Technician
google it lol
+2 Reply
Hahaha, Mr. T is well-known actor and wrestler 8-)
-1 Reply
I first saw this guy on a teleshopping comercial for a cooker. He was cooking a stake and a corn :))
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vdubus PRO Technician
http://2on2jq3zqfpd2i4rzs3oxtog9o4.wpengine.netdna-cdn.com/wp-content/uploads/2006/06/mr%2520t.jpg
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LOL
-1 Reply
The answer is on the chart, during 3.02.2015-6.02.2015. Without a daily close above 1.8052, short is the only whay.
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Next week is gonna be awesome!
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After these ups and downs it looks as if it is consolidating between 1.05 and 1.10. I still believe there is much more bearish pressure than bullish. The convergence of trendline with the horizontal key resistance area creates a wall that should push the price down. I will change my mind only on a daily close above 1.1.
I don't trust RSI more than price action, but if RSI close above 60 it is a strong sign that something is changing in the EURUSD.
+1 Reply
Waiting for a short update. Please Mr. Loay give us an update as soon as its due.
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Technician TOP MuathAlBulbul
mmmm Mr Muath dont know what to tell you :)
-1 Reply
Technician TOP MuathAlBulbul
I suggest that you have a look at the NZDUSD and AUDUSD seem more trade-able now
-1 Reply
MuathAlBulbul Technician
Haha, was my comment that stupid? It's almost at the downtrend line, so I figured a drop might be happening soon! Lol

Any ideas on AUDUSD and AUDNZD?
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Technician TOP MuathAlBulbul
Not at all. didnt meant that. NZDUSD is about to confirm a bullish breakout, while AUDUSD is testing the resistance
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MuathAlBulbul Technician
Okay, just saw your AUDUSD chart! Waiting for your update. :)
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Technician TOP MuathAlBulbul
Cool Mr. Bulbul
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