Thread: Sell Eur/Usd
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Old 26-10-2006, 14:14   #4056
Iris
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Eur/Usd

Hello Everyone..........

Quote:
1st Euro Buy Zone @ 1.2540<>1.2555
2nd Euro Buy zone @ 1.2575<>1.2590

Targeting @ 1.2600<>1.2655<>1.2700/10

The Euro inches North to a current High @ 1.2590 with the next advance/stop triggers @ 1.2595 for a North advance onto 1.2600/10<>1.2620 as the Market has moved North pre-FOMC is under a test/break of 618FIB Resistance currently of the 1.2642<>1.2483 Range.

1st/2nd Euro Buy Z @ 1.2540<>1.2575 are activated on the FOMC release with a current High @ 1.2620...the Weekly 618FIB Fractal @ 1.2637<>1.2642 that I spoke of earlier in the week now becomes an important trajectory point for the Euro with 1st Resistance @ 1.2655 Key to a North break higher...let's watch 1.2625 onto 1.2637/42 to Resistance @ 1.2655 to Open the door further North onto 1.27+ in upcoming days.

The Euro advances to a current High @ 1.2673 building a sizable 1st/2nd Euro Buy Position...a North break @ 1.2680 will Target 1.27<>1.2720 with the 1.2637/42 Weekly 618 FIB Fractal the Support build advance/decline point.

Euro North break @ 1.2680 off 1.2637/42 is the Zone to Targets.
The Euro is knocking on the door of 1.27 with a current High @ 1.2699 with a Swiss South break @ 1.2525 opening the Euro 1.27+ door.

Targets @ 1.2700<>1.2710<>1.2720

IRIS FX
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