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  1. #11
    Specialist Member marvel's Avatar
    Now we are in a wide range between 1.3300 and 1.3400. I think both upper and lower barrier is strong and will stay intact for a while but the biggest question is where the EUR will goes and which of the two barriers it will brakes?

  2. #12
    Legendry Member willyw's Avatar
    Quote Originally Posted by marvel View Post
    Now we are in a wide range between 1.3300 and 1.3400. I think both upper and lower barrier is strong and will stay intact for a while but the biggest question is where the EUR will goes and which of the two barriers it will brakes?
    EUR/USD WEEKLY as of Wednesday, 16 January, 2013
    TARGET 1: 1.3353 (Moderate Retracement)
    TARGET 2: 1.3777 (Extension)
    Having reach a Weekly bottom 9 period(s) ago at 1.2666, prices are currently moving upwards. Target 1 is a significant Fibonacci level. It is a reversal level. If prices cross through this level, the previous trend is completed and the current target extended. If prices penetrate through Target 2 Fibonacci level, indicates that the trend is exceptionally strong
    Projected Time: 6 period(s) (Moderate Retracement)
    Projected Time: 10 period(s) (Extension)
    Projected Time: 16 period(s) (Extension)
    Time Projection is the number of period(s) projected the current trend to retraces at crucial retracement levels. In a strong market with prices breaking key levels, time will extend to the subsequent projected time. Detect significant price changes near the projected time. Indicators can be use for reversal/extension confirmation for each of the retracement levels.

  3. #13
    Specialist Member marvel's Avatar
    I think it is too complicated to trade this way..
    We have downside potential as we break today the 1.33 level and tested it again latter. So my views are bearish for the moment, but it is too risky to trade weekly puts now.

  4. #14
    Senior Member Grae's Avatar
    Looking to see is a test of 1.32 is likely before advancement up.

  5. #15
    Legendry Member willyw's Avatar
    Quote Originally Posted by Grae View Post
    Looking to see is a test of 1.32 is likely before advancement up.
    EUR/USD DAILY as of Thursday, 17 January, 2013
    A Daily black body has formed (because prices closed lower than they opened).
    For the past 10 Daily candlestick bars as of 16/01/13, there are 5 white candles versus 5 black candles.
    For the past 50 Daily candlestick bars as of 16/01/13, there are 30 white candles versus 20 black candles with a net of 10 white candles.
    A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
    The most recently confirmed up trendline for Euro Dollar / US Dollar has an ending point currently at 1.30. Expect prices to have some difficulty falling below this trendline. A break below this trendline would be a bearish sign.
    Attached Images Attached Images  

  6. #16
    Master Member vinayakm's Avatar
    This is like my favorite asset to trade binary options. It always seems to work out for me. I just do some basic TA like identifying support and resistance levels after taking a quick look at fundamentals (what is driving the Euro or the USD, etc) and then make the trades. Today I made a couple of puts that netted me an 81% profit! Its automatic!

  7. #17
    Senior Member Grae's Avatar
    This is really good.
    Onward up today though-after ECB remarks. Looking at a confluence of support and channel on EURUSD. What are the thoughts of the house?
    Name:  eurusd 17th.jpg
Views: 130
Size:  100.5 KB

  8. #18
    Senior Member LeeChang's Avatar
    It looks like EUR/USD is near the upper boundary of a trend chanel so we have to be cautious for reversal!

  9. #19
    Master Member Bogdan G's Avatar
    1.3400 is a strong resistance level, I think it will make a double top there and it will stall to gain some more steam.On the other hand, if the level is broken in the first try, I consider that indicative of great bull strength ant price is likely to continue upwards. However, on a 4 hour chart, if price does print a double top, we will have a Class B Regular Bearish Divergence between it and RSI so a retracement is likely.

    PS: That channel doesnt really contain price so I dont have it on my charts
    Last edited by Bogdan G; 01-18-2013 at 06:31 AM.

  10. #20
    Senior Member Deanfx's Avatar
    Quote Originally Posted by LeeChang View Post
    It looks like EUR/USD is near the upper boundary of a trend chanel so we have to be cautious for reversal!
    Yes, totaly agree and also I think 1.340 will be strong resistance and will not be broken this week and most probably EUR will colapse next monday from that level. So I will take a weekly put on it this pair

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