Daily Technical Analysis for Majors

[FxTT 10]

1.3150 seems to be the resistence level which needs to be broken in the EUR/USD. Until that level is broken and closed above on the daily, I'm still bearish with an expected retest of 1.30.

 

What do you think?

 

Yes, I can not say more, I mentioned on today's analysis that EURUSD has to break above it 100 daily simple moving average at 1.3145 (only 5 pips away from your mentioned resistance at 1.3150).

[FxTT 10]

http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/http://myegy.com/

[MilkPumpkin 10]

This is a perfect time for a long in my opinion on the eur.chf. I think the risk reward is stunning.

 

What do you think?

 

[MilkPumpkin 10]

I think the 1.60 level is going to be the magnet, and price is going to be the iron filings. What do you think!? :p

[MilkPumpkin 10]

The EURUSD has enterted into an asymmetrical triangle. This should, technically give a direction for future price depending on what side of the triangle price breaks out from.

 

[MilkPumpkin 10]

My take profit at 1.27 was hit. I am going to go short at 1.27, with a take profit at the bottom of the triangle, the support should be around 1.26 or so, depending on when price gets down there.

 

See my chart, this is what I'm looking at.

 

[MilkPumpkin 10]

Do you think the Cable will consolidate again towards 1.60: That's where I think it's heading now.

[MilkPumpkin 10]

I'm looking for another testing of 1.60 in the cable. Any opinions on this?

[MilkPumpkin 10]

I hear there are a bunch of sell orders at 1.30, however, I have heard that there are a lot more buy orders than the sell orders, therefore we should work ourselves up through 1.30 (Source:

http://www.fxfatcat.com

). Target 1.31, that's mine anyway.