InformedTrades
Register as a Member
    Why join? See our testimonials.

Register Front Page See Today's Posts Site
Map
Free Trading
Courses
Shop
Front Page > Forum Central > Traders' Discussion Forum Pro Coaches | Broker Matrix

 
Thread Tools Search this Thread Display Modes
Old 07-22-2011, 01:21 AM   #1 (permalink)
 
robocod's Avatar
 
Join Date: Feb 2011
Location: UK
Posts: 275

Thanks Stats
Thanks (Given): 114
Thanks (Received): 83

EUR/USD daily chart


Here's the daily chart of EUR/USD.

Yesterday's news-based activity brings the EUR/USD up to the edge of long-established trend line, and Ichimoku kumo flat (support/resistance) area.

The million dollar question: What will EUR/USD do now?


(The red line is 200 EMA)

I've not got a trade on this yet; and missed the trading opportunities yesterday due to vacation / poor internet connection.

robocod is offline   Reply With Quote
 
Old 07-22-2011, 03:00 AM   #2 (permalink)
 
larryfolson's Avatar
 
Join Date: Oct 2009
Posts: 751

Thanks Stats
Thanks (Given): 4
Thanks (Received): 28

One thing is for sure, most technical traders will be looking to go short off that bearish trend line.
larryfolson is offline   Reply With Quote
 
Old 07-22-2011, 03:53 AM   #3 (permalink)
 
forexer's Avatar
 
Join Date: Jan 2009
Location: Singapore
Posts: 3,195

Thanks Stats
Thanks (Given): 38
Thanks (Received): 239

IMO we still got more leeway.
Attached Thumbnails
EUR/USD daily chart-eu1-gif  
forexer is offline   Reply With Quote
 
Old 07-22-2011, 04:24 AM   #4 (permalink)
 
hektor's Avatar
 
Join Date: Feb 2010
Location: Sofia/Gera
Posts: 684

Thanks Stats
Thanks (Given): 2
Thanks (Received): 77
Send a message via Skype™ to hektor

I believe we will pull back not much to get another swing to break the line. It is Friday nothing major today to move the market. We might just trade in range, but never know the market does it's own thing!!!
There is dissent amount of volume this morning, would this mean supply entering the market or the demand is eating up the supply at this level, I cannot say!!!
hektor is online now   Reply With Quote
 
  




Help InformedTrades grow. Click +1 if you enjoyed this thread.

Register to Comment
Thread Tools Search this Thread
Search this Thread:

Advanced Site Search
Display Modes

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -5. The time now is 09:10 AM.


Creative Commons License

InformedTrades is dedicated to empowering traders with knowledge. Learn more about our mission statement, and our charity endeavors.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.2
vBulletin Optimisation by vB Optimise (Reduced on this page: MySQL 6.82%).
vBCommerce I v2.0.0 Gold ©2010, PixelFX Studios
vBCredits v1.4 Copyright ©2007 - 2008, PixelFX Studios