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Eurusd

Discussion in 'Forex Trading Room' started by Dantist, Oct 18, 2008.

  1. Dantist

    Dantist New Member

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    EURUSD. Daily chart. European currency is consolidated in a range 1.3408-1.3631. Strategy is while without changes. Purchases can be tried after overcoming closing of short-term maximum 1.3631. Sales can be tried in a district 1.3870-1.3895 to liquidate a transaction, if a price will rise closing higher 1.3970.
     

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  2. Sayen Aylen

    Sayen Aylen New Member

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    The pair has been stuck in a range through early trading, but the EUR is showing early signs of weakness. A drop below the lows of 1.4100 would confirm a swing down and would target 1.4020 and beyond this 1.3980. A move above 1.4180 would be needed to show signs of resuming strength. A break of this level would indicated a move to test the highs at 1.4250.
     
  3. Sayen Aylen

    Sayen Aylen New Member

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    Eur/Usd has just pulled off the highs in the early Tokyo session, but the trend is still up and the bias is still up.Some support should be found at 1.4250 as well as 1.4200 where a short term trend line currently rests.
     
  4. Sayen Aylen

    Sayen Aylen New Member

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    EUR/USD-24.06.09
    Yesterday saw a very strong move by the EURO, moving almost double its average (12) daily range. It also broke multiple short term resistance levels.

    With more news out of the US today, it could be another volatile day.

    A push above 1.4100 gives an initial target of 1.4140 followed by 1.4175 and 1.4250.

    Support is at 1.4060, with a break giving a profit target of 1.4020 followed by 1.3985. There is little support after this till 1.3900, but the 1.3940 area is also significant.
     
  5. Sayen Aylen

    Sayen Aylen New Member

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    June30th, 2009

    The pair is currently pushing higher to test the 1.4140 level. This is a significant level and could give us early indications of where we are going over the longer time frames.

    If the resistance level at 1.4140 is broken the next resistance is a former spike high at 1.4175. If the break is real, a target for the breakout is 1.4250. There is also some resistance expected at 1.4200-1.4210.

    Failure at the 1.4140 level will find minor support at 1.4100, 1.4060, 1.4000 and strong support at 1.3980.
     
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