DislikedSeems the general consensus on FF is that the EU will spike up between 1.38- 1.42 then drop
That being said... I'm short now... Before the rug gets pulled out...
This IMF thing is a joke IMO... Just watch the bond markets...Ignored
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
EurAnalysis Kindergarten 24 replies
DislikedSeems the general consensus on FF is that the EU will spike up between 1.38- 1.42 then drop
That being said... I'm short now... Before the rug gets pulled out...
This IMF thing is a joke IMO... Just watch the bond markets...Ignored
DislikedThe 2 green bullish divergence arrows on the Trix plus both the Fast Trix and the Slow Trix green and both over 0 indicate the base is likely to resolve itself to the upside. The RSI down trendline is likely to be broken since the RSI is slowly climbing while the horizontal base is forming. The Daily chart also shows bullish divergence, The same patterns are showing on the S&P charts.Ignored
DislikedSeems the general consensus on FF is that the EU will spike up between 1.38- 1.42 then drop
That being said... I'm short now... Before the rug gets pulled out...
This IMF thing is a joke IMO... Just watch the bond markets...Ignored
DislikedI see what you mean.
I am more inclined to call a range here though. Price is currently being capped by the 55sma and 55ema (thick and thin red lines on H4) and the 61.8% fibo level as well as the blue dashed falling trend line at 1.3550/60 area.
However, If it does in fact manage to break above all that, we have much stronger resistance at 1.3650/80 zone which will also be capped by the 200sma and 200ema (Thick and thin yellow lines on H4 chart), 55sma and 55ema (thick and thin red lines on Daily Chart) and further capped by the falling channel...Ignored
DislikedNo I have 2 short positions at 1.7770 area and two very small positions at 1.3450 and 1.3485 area.Ignored
DislikedNo I have 2 short positions at 1.7770 area and two very small positions at 1.3450 and 1.3485 area.Ignored
DislikedAny more bullish sentiment during Asia? It certainly looks so to me.Ignored
DislikedOnly if China decides to buy Euros or sell US Dollars (Both scenarios are highly unlikely right now)Ignored
DislikedThe wedge that has formed on the H4 chart looks pretty ominous. IF PA breaks the top wall, which coincides with the 55 EMA, the price target is all the way up to 1.42 in about 20 days. This scenario lines up with the other indicators I mentioned earlier. Of course, PA can also test and break the bottom wall at 1.33, but it is something to watch closely in the next few days.Ignored
DislikedAnd today's news was pretty obvious, like almost only directed at the markets: Italy, and possibly Spain, Greece and Ireland, may undergo some brutal changes, but we will support the powerful ones, meaning France. Germany doesn't need it anyways, so everything must be clear now. So, the real message was: IMF won't allow for contagion, it will isolate the bad apples and keep growing the good ones. And that should slowly move the price up somehow.Ignored