Another day - still in the same range
I think it should be pretty clear if you look at this EURUSD chart, support level tested 3 times on 1H TF.
I'm expecting a break-out will see if its going to test the support one more time. i'll put in a pending buy order around the support line. There is U.S. news for ...
According to the Fib channels EURUSD seems to have hit the bottom / trendline twice. The bar slightly closed above the line. It seems that this could mean that the price will go up furthermore. I think i will put in a buy order with a tiny s/l ! lets see what happens.
The EURUSD seems to have hit the bottom of the fibb / trendline and tested. (bar closed near the bottom) Still waiting for confirmation (probably tomorrow), to see the price go further upwards.
I will put in a buy order with a small s/l lets see what happens!
Based on the news (btc-e has/had issue's / ddos attacks other exchanges?) i don't think we would hit 500 soon. My guessing is first the market will dump - price will go down to 330/340 and then buy. But i'm waiting to break the trendline and then join the move.
What do you think?