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Paul Koszarny · 18-12-2002, 05:47

9:00 (sup 1.0223, res 1.0164) market's reaction to 1.0164 was negative and EUR/USD retreated 18 points.

13:00 (sup 1.0208, res 1.0276)
16:00 (possible pivot 1.0241)
20:00 (sup 1.0184, res 1.0241).

I was selling yesterday from 1.0330. Didn't go long at all. The position was closed on approach to attractor 1.0247.

Today's picture is bearish. Look for some swift changes in the afternoon as all fast MAs are in a cluster. Bollinger bands contracting. Oscillators signalled sell. Volume very light.

Wednesday daily pivot 1.0268. I would expect it to consolidate near 1.0247 today. At the moment it is testing 1.0268. For me good to sell with a tight stop.

The first morning model hour 9:00 was a low. The present rise is reactive with little bullishness. It struggles near resistance.

18-12-2002, 05:47	#1 (permalink)
Paul Koszarny Super Moderator Join Date: Nov 2002 Posts: 322 Rep Power: 0	Wednesday EUR/USD model hours 9:00 (sup 1.0223, res 1.0164) market's reaction to 1.0164 was negative and EUR/USD retreated 18 points. 13:00 (sup 1.0208, res 1.0276) 16:00 (possible pivot 1.0241) 20:00 (sup 1.0184, res 1.0241). I was selling yesterday from 1.0330. Didn't go long at all. The position was closed on approach to attractor 1.0247. Today's picture is bearish. Look for some swift changes in the afternoon as all fast MAs are in a cluster. Bollinger bands contracting. Oscillators signalled sell. Volume very light. Wednesday daily pivot 1.0268. I would expect it to consolidate near 1.0247 today. At the moment it is testing 1.0268. For me good to sell with a tight stop. The first morning model hour 9:00 was a low. The present rise is reactive with little bullishness. It struggles near resistance.