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Rag2RichesFX replied Jul 25, 2012Could not agree more. Look at we first test 13 fib and fall back, then massive bullish engulfing just past the 138.2 extension. Then a retest of now support 13.0. Then a test of 38.2. Then a test of 1.2160 (bottom of a weekly range), as resistance. ...
EurAnalysis
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Rag2RichesFX replied Jul 24, 2012E/U Daily Low from 2010 comes in very near this weekly channel bottom. A great area of double support. Then I can see a bounce from there back up at least 300 pips, maybe to retest 1.2287 again.
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Rag2RichesFX replied Jul 24, 2012E/U 30m My guess for downside is an option barrier at 1.20 that will be heavily defended (only a guess). For upside 1.21 and beyond that 1.2120-30
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Rag2RichesFX replied Jul 24, 2012Hovering just above the 150 extension of June retracement, with a low 5 pips above the 178.6 extension of the July 13 retracement. 4hr candles unable to close below 150 extension (1.2057) so far. E/U 1hr so far this week
EurAnalysis
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Rag2RichesFX replied Jul 22, 2012See the line drawn above 82.80? That's a breakout of a range. Falling back into the range with a double top formed would be quite bearish. I think this may be why he chose 82.80.
Imagine if EURUSD fell but all other currencies rose vs USD (kind ...EurAnalysis
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Rag2RichesFX replied Jul 22, 2012Hello all. I am new to ForexFactory and decided to say hello and post and discuss my views as well as discuss others views. We just bounced of the 138.2 extension (to the pip) of 2287 to 2745 (June correction). We also have quite a bit of support ...
EurAnalysis