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EU daily

Posted by Geofract on September 19, 2010 at 11:59am

EU retesting the underside of the previous daily TL, and printing a pin bar/shooting star. price stalling at 76.4 fib, and failing to break and hold above 1.31. I may consider an entry on retrece of the pin, depending on the PA at the time.
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Comments

  • Geofract September 19, 2010 at 6:24pm
    I forgot to add there's a bearish rising wedge on EU H1 which seems to be working out so far.

  • Geofract September 19, 2010 at 12:32pm
    if EU continues north, as you expect WS, then dxy will weaken, or go sideways at least, as EU is over 50% of the dollar index.
  • Geofract September 19, 2010 at 12:29pm
    For me, I expect dollar strength intially, eu retraces, then dollar weakness again whilst EU continues north. Lets see.
  • Aadil September 19, 2010 at 12:15pm
    I expect IHS to be hit and 200 MA to be tagged on euro due to IHS target = 1.32 region !!

    i think we will get a divergence between euro and market next week and the dax will suffer due to exports

  • Aadil September 19, 2010 at 12:10pm

This reply was deleted.