EurUsd (Intraday Watch)

[SweedMe]

the p is still expected to continue the uptrend beyond 1.3 today in the meantime its doing a correction in the shape of Bull flag that should make a use of its supprt at 50%

Look the pic. for details

[SweedMe]

the p is developing a new bull flag with new boundries the correction should not exceed 50% if it went to 61.8% then thats a sign of a weekness.

look at the pic. for details

[kenari05]

keep up the good work dude.... i am intraday trader... very interested to see your analysis... now euro is 1.2940...what is your ultimate target before it fall down?

[SweedMe]

the correction is still intact but you shouldn't bet on the down side till it breakes 61.8% also you shoudn't be betting on the upside untill it breaks the upper resistance of the bull flag.

Look at the pic. for details

[SweedMe]

the p still have a chance of 50 pips upwards

look at the pic for details

[Soul-Trader2004]

Nice call sweed

[SweedMe]

Originally Posted by Soul-Trader2004

Nice call sweed

Thanks man keep reading we'll see if this is enough for today i beleive we might see crazy rally like the old days

[SweedMe]

the p is consolidating inside a rectangle pattern which will lead to one of the following scenarios:

if it breaks the resistance at 1.3107 then it will move up more than 40 pips

if it breaks the support at 1.3071 a correction will take place that will extend to 38.2% before continue the daily uptrend

look at the pic. for details