EURUSD

[Adrian8891]

HERE (http://img387.imageshack.us/img387/7716/eurusdd1uz3.gif) is the image of analysis.

We have a triangle from wich we can exit by up , or by down. In these two sytuations I've looked forward onto point where is the target.

Still there is a up trend , and faster up trend.


Greetings.
Adrian M.

[vladv]

This is VERY interesting!Thanks.

[Cozy101]

The euro traded sideways most of the session on Tuesday, after a data release showed a marked decline in German industrial output. The data suggested that the Germany, the largest economy in Europe, is still facing weak global demand for its goods.

There was a bright spot though for the Euro, after European Central Bank officials said that Latvia, which is one of the most troubled economies in Eastern Europe, may avoid devaluing its currency. There has been speculation for several weeks that Latvia might move to purposefully inflate their currency, in order to lower the real cost of their debt.

At 10:20 PM GMT, the Euro was trading up .17% to the Japanese Yen to 137.13, down .51% to the British Pound to .8613 after stronger than expected housing data came out of London, boosting the GBP, down .13% to the Canadian Dollar to 1.5489, down .47% to the Australian Dollar to 1.7527 and up .3% to the Swiss Franc to 1.5172.

[peter]

EURUSD might be forming a short term cycle top at 1.4001 level on 4-hour chart. Moving lower to test 1.3748 key support is expected later today. A break below this level will indicate that the downtrend from 1.4338 has resumed. Then deeper decline could be seen to follow, and target would be at 1.3500 zone. Near term resistance is at 1.4001, only rise above this level will signal further rally to 1.4050-1.4100 area

[peter]

EUR/USD 1.3913
Although Friday's selloff fm 1.4013 has continuedto pressure euro in Asian morning, as long as indi-cated 1.3883 sup (Friday's low) holds, further con-
solidation is seen with mild upside bias for reco-very to 1.3935 but reckon 1.3955/60 wud cap upside.

For st trade, hold long n only below 1.3872 wud confirm recent upmove has ended, 1.3840/50 later.

Resistance/Support
R: 1.3960/1.4013/1.4041
S: 1.3872/1.3850/1.3806

for more information log on forexpros.com.

[Cozy101]

Interesting information peter. In my opinion, selling E/U pair from 1.4160 to 1.3965 and stop loss above 1.4250 might be appropriate.

What do you say?

[Dr. Johnson]

Interesting information peter. In my opinion, selling E/U pair from 1.4160 to 1.3965 and stop loss above 1.4250 might be appropriate.

What do you say?

As for me, I'd say that it might be appropriate.

[Clint]

May be It is really true...