Sell Eur/Usd

[James]

If 1.2450 fails to support, we should see 1.2250 fairly soon. Still not sure if this is the end of the dollar bear run, but will go with the flow for now. GL & GT

[Speculator]

Hi all,

Iris, thanks for the credits
Current levels and timing are very critical for EUR. The last few weeks of consolidation above the channel’s bottom has very much heightened the risk of a break, …which is needed conformation for the change in major trend (Almost all major trends break their initially formed channel, if one). However, on the other side, given the possibility of large profit takings at channel’s bottom combined with the recent major shift from EUR to USD bias, we may see “Big boys” swing this pair up for a test of the 1.27 handle.
Long at 1.2470. Possible SAR on a break of 1.2440 or a test from down under.

Regards

[mahras]

Exceptional analysis made in this thread. Iris, James and Speculator great work!

Yes recurring S&R levels are all making this a very critical position for EURUSD. Price has broken significant supports in the 1.2500-1.2490 regions and an intermediate support at 1.2450-1.2460 is holding. The question is how long will it hold. If a break occurs we may see a move to the 1.2400-1.2420 levels where significant support lies in the form of a recurring S&R level from 9 months back in time. A break in that will result in a move to the 1.2300 levels. Very interesting times we are in. Friday will be key as the employment report will show the bias of the market speculators.

Great trading to you all .

-mahras

[Iris]

Hello James...Speculator...Mahras...Everyone....

James...The USDX Bull/Bear is joined...North Technical Correction is pending.

Spec...Great Call on 1.2465...Hit the Target and Walked the Line.

Mahras...Thank You...and your to be commended on your exemplory presentation on your Research/Analysis as your just finishing High School...you've formed and developed the Right Stuff as a Member of MoneyTec that maintains a Professional Conduct/Ethic. Good Work my Friend.

Pete Speros had the Quote of the Open..........

The Euro is now officially fundamentally and technically flawed.

Cable.........
Cable North containment Zone at 1.8330<>1.8305 for a Sell/South Entry Window for a decline thru 1.8275<>1.8230 to a South break at 1.82 for a decline continuance to 1.8175<>1.8130 enroute to a retest of the 1.81<>1.8075<>1.8050 basis.

Cable Intraday North containment Zone at 1.8235<>1.8210 scaling into Positioning from the 1.8330<>1.8305 Entry Zone for a Sell/South Entry Window to a South break at 1.82 for a decline continuance to 1.8175<>1.8130 enroute to a retest of the 1.81<>1.8075<>1.8050 basis.

Eur/Usd.................
Eur/Usd North containment Zone at 1.2630<>1.2605 for a Sell/South Entry Window for a decline thru 1.2575<>1.2520 to a South break at 1.25 for a decline continuance to 1.2480<>1.2440 enroute to a retest/break at 1.24<>1.2350<>1.2330 basis.

Eur/Usd Intraday North containment Zone at 1.2565<>1.2540 scaling into Positioning from 1.2630<>1.2605 Entry Zone for a Sell/South Entry Window to a South break at 1.2520<>1.25 for a decline continuance to 1.2480<>1.2440 enroute to a retest/break at 1.24<>1.2350<>1.2330 basis.

Cable New South Reversal Low currently at 1.8103.....testing Target Exit Zone.

Eur/Usd New South Reversal Low currently at 1.2366...test/break of Target Exit Zone.

[Iris]

Eur/Usd.................
Eur/Usd North containment Zone at 1.2630<>1.2605 for a Sell/South Entry Window for a decline thru 1.2575<>1.2520 to a South break at 1.25 for a decline continuance to 1.2480<>1.2440 enroute to a retest/break at 1.24<>1.2350<>1.2330 basis.

Eur/Usd Intraday North containment Zone at 1.2565<>1.2540 scaling into Positioning from 1.2630<>1.2605 Entry Zone for a Sell/South Entry Window to a South break at 1.2520<>1.25 for a decline continuance to 1.2480<>1.2440 enroute to a retest/break at 1.24<>1.2350<>1.2330 basis.

Eur/Usd New South Reversal Low at 1.2308...All Targets Achieved.

[Iris]

Cable................

Cable North containment Zone at 1.8330<>1.8305 for a Sell/South Entry Window for a decline thru 1.8275<>1.8230 to a South break at 1.82 for a decline continuance to 1.8175<>1.8130 enroute to a retest of the 1.81<>1.8075<>1.8050 basis.

Cable Intraday North containment Zone at 1.8235<>1.8210 scaling into Positioning from the 1.8330<>1.8305 Entry Zone for a Sell/South Entry Window to a South break at 1.82 for a decline continuance to 1.8175<>1.8130 enroute to a retest of the 1.81<>1.8075<>1.8050 basis.

Cable 2nd Scale North containment Zone at 1.8235<>1.8210 for a Sell/South Entry Window ...Open...South to above Targets....

[cash1]

Iris,

In your analysis, is the upper level of the containment zone the stop loss on a sell, and the lower level the stop loss on a buy? Thanks.

[mahras]

Iris>Excellent call yet again! I was bear but I did think that the support in the 1.2400 region would hold. Are you still bear on the EURUSD? I believe we may see some consolidating ranging until Friday when the employment numbers will be reported.