Key Levels on EUR/USD

[marketmavens 10]

07-13-11 During U.S Session

If market doesn’t trade below 1.4034 or finds support around that level then it will trade higher to the target.

Below 1.4034 market with High probability will test the strong support /target at 1.3994 and if it breaks that support then we will have 1.3954

 

Please trade on your own risk.tnx

[marketmavens 10]

Next trading opportunity:

As long as we don’t trade above our pivotal levels 1.4230 to 1.4236 then there is a high probability market trade lower to test 1.4192 support.

Above the pivotal levels market will try to break the 1.4256 then 1.4268 levels. If we trade above 1.4268 and stay above it then our next target is at 1.4318.

On down side with break of 1.4192 support market will try to test the 1.4142 which is the strong support.

I have noted couple of more supports below the strong one.

Please let me know if you have any questions

please trade on your own risk.

[marketmavens 10]

We have tight ranges for both upside and down side.

Above 1.4196 markets will try to test the 1.4220 above 1.4220 to 1.4256 we have resistance area.

Down side we have 1.4148 as a support but below 1.4138 level with high probability will test the 1.4072 levels.

Again we have support area from 1.4044 to 1.4072.Below those area market will test the 1.3994 levels.

We have to trade above 1.4256 and stay above it in order new buyers step in.

Please let me know if you have any question. thanks

[marketmavens 10]

Next t Trading opportunity:

We have resistance from 1.4125 to 1.4146.

Our pivotal level is at 1.4066

The pressure is on down side.

We have support at 1.4036 below that level market with high probability will test the 1.3994 levels. We would prefer to buy at 1.3994 level instead of 1.4036 because there is a chance we have a sharp move from 1.4036 to 1.3994

Our last support is at relative low (1.3954) and below that market can trade as low as 1.3800 target.

 

Please let me know if you have any questions.

please trade on your own risk.Thanks

[marketmavens 10]

Next Trading Opportunity:

If market be able to break the 1.4230 and stay above it then with high probability it will test the 1.4270 levels and above that to our next target at 1.4318 levels.

Market has enough energy to break those resistance and trade higher, however we do have a strong support at 1.4156.With break of support market will try to break the 1.4122 levels. This is very important to hold if market wants to continue to trade higher.

Please let me know if you have any questions

[marketmavens 10]

It is going to be a choppy trade between 1.4360 to 1.4406 levels. If we break the high then the move is going to be very sharp.

We have a very important support at 1.4260. As long as it holds then upside targets are very possible to reach.

[marketmavens 10]

Above the relative highs we have an area of resistance. If you are still long you can squeeze these levels in order to seek higher targets.

There is a high probability market will try to test the pivotal level first if it doesn’t continue to trade higher.

With any push below our strong support levels(1.4362 to 1.4378 ) sellers will step in.

 

Skype ID: market.mavens

 

please trade on your own risk

[IBIZA 10]

Above the relative highs we have an area of resistance. If you are still long you can squeeze these levels in order to seek higher targets.

There is a high probability market will try to test the pivotal level first if it doesn’t continue to trade higher.

With any push below our strong support levels(1.4362 to 1.4378 ) sellers will step in.

 

Skype ID: market.mavens

 

please trade on your own risk

 

Hi marketmavens.. I'm long at 1.4450 around 8.30am (my time is around 8.30pm). TP is 1.4570, SL 1.4395. If the price gooes over my TP, will subsequently rebuy to aim at around 1.4695. Thanks. IBIZA

[IBIZA 10]

Got stopped out at 1.4395. Re-entered long at 1.4350 open objective, SL 1.4320. The indicators are very ovrsold. Thank you marketmavens.

[Tams 20]

Above the relative highs we have an area of resistance. If you are still long you can squeeze these levels in order to seek higher targets.

There is a high probability market will try to test the pivotal level first if it doesn’t continue to trade higher.

With any push below our strong support levels(1.4362 to 1.4378 ) sellers will step in.

 

Skype ID: market.mavens

 

please trade on your own risk

 

Got stopped out at 1.4395. Re-entered long at 1.4350 open objective, SL 1.4320. The indicators are very ovrsold. Thank you marketmavens.

 

never buy something because it is oversold.

it is oversold for a reason -- nobody wants it.

I am not a pioneer,

I am not a volunteer,

I would buy when people start buying.

 

YMMV

Edited July 27, 2011 by Tams

[phantom 16]

never buy something because it is oversold.

it is oversold for a reason -- nobody wants it.

I am not a pioneer,

I am not a volunteer,

I would buy when people start buying.

 

YMMV

 

And my mileage varies considerably!

 

If one MUST buy this, pleeze wait for a divergence signal in either RSI, MACD, STOCH and keep the risk as tight as a ... never mind...

 

 

Phantom

[Tams 20]

And my mileage varies considerably!

 

If one MUST buy this, pleeze wait for a divergence signal in either RSI, MACD, STOCH and keep the risk as tight as a ... never mind...

 

 

Phantom

 

divergence is a sucker's game...

 

you can have divergences upon divergences,

positive divergences, negative divergences, hidden divergences (vendors love these fancy $$$ terms),

and the market can continue to "swim" in its own course.

[phantom 16]

That's why I said "if one MUST buy"...

 

 

Phantom

[marketmavens 10]

levels are on the chart

 

skype ID: market.mavens

 

 

 

 

 

 

 

 

please trade on your own risk. thank you