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- AshramFx replied Oct 4, 2011
the daily candle did suggest a consolidation pattern, and in 12 hours we have not moved anywhere.
EURUSD
- AshramFx replied Oct 4, 2011
I have a pending sell order from 1.3236, having broken 1.3250 and support at 1.3333 it is bound to end up at 1.2970 sooner or later. I will avoid all longs in this strong bear market.
EURUSD
- AshramFx replied Oct 3, 2011
closed a wonderful short from yesterday, for today the day candle suggests consolidation unless it is able to break yesterday's low of 3165. if it does not break 3165 it will range around here for the rest of the day and build a fresh momentum to go ...
EURUSD
- AshramFx replied Oct 3, 2011
I was not sure how a screenshot is taken, just tried a screen capture. November / December 2010 low seems to be the most logical target for now, will ext around 1.2970 pr follow with a tight stop at 1.3000
EURUSD
- AshramFx replied Oct 3, 2011
I will prefer to let this corrective wave complete then take a fresh sell order to continue the journey south.
EURUSD
- AshramFx replied Oct 3, 2011
a corrective wave to 1.3300 is possible before testing january 2011 low again for the trip down.
EURUSD
- AshramFx replied Oct 3, 2011
January 2011 low should give some minor support for the time being, and provide some consolidation, this is a minor support here
EURUSD
- AshramFx replied Oct 3, 2011
we broke though the august 2010 high which was supposed to be the last major support on its way down
EURUSD
- AshramFx replied Oct 3, 2011
November 2010 and December 2010 lows of 1.2970 are more significant in the current context as this is the most logical target zone for the current drop
EURUSD
- AshramFx replied Oct 3, 2011
currently august 2010 high is holding euro from dropping faster, once broken this should speed up the fall to 1.2900
EURUSD
- AshramFx replied Oct 2, 2011
There is nothing on weekly charts or monthly charts to provide significant support till we reach 1.2900, so working as per weekly charts we should expect the downtrend to continue till 1.2900
EURUSD
- AshramFx replied Oct 2, 2011
euro should begin the week by dropping down to 1.3300 which might give some support, overall the trend still remains down.
EURUSD
- Posts by Member Search: 'AshramFx'