Hi, I am Nick, technical trader (with an eye always open for fundamentals).
Will be posting new charts on a regular basis.
Hope to learn from those who know more than I do and help those who know less. All (constructive) criticism welcome. Remember being very confused about the basics when I started, S/R levels, trends, channels etc...
Hoping this will help some.
Key S/R levels and channel. EUR still clearly going down. Could see a reversal pretty soon although nothing in Trichet's speech this morning made that very likely. Look for a hold of 1.3026, strong S. If the market can't break 1.3026, a break of the channel on the upside could signify a trend reversal. Look for key R levels after that.
Will be posting new charts on a regular basis.
Hope to learn from those who know more than I do and help those who know less. All (constructive) criticism welcome. Remember being very confused about the basics when I started, S/R levels, trends, channels etc...
Hoping this will help some.
Key S/R levels and channel. EUR still clearly going down. Could see a reversal pretty soon although nothing in Trichet's speech this morning made that very likely. Look for a hold of 1.3026, strong S. If the market can't break 1.3026, a break of the channel on the upside could signify a trend reversal. Look for key R levels after that.