EUR/USD.......at critical point

Hi there all. i'm new to this forum. looking forward to learn and share my views.
i thin on the charts, it's getting clear that a test of 2530/75 is on cards and would decide where euro is heading. dollar index has broken through a series of imp.resistance and maybe a bigger free fall in euro is in store, if 2220/30 ( from where the final ascend to 3664 kicked in).
here are few charts and would like to hear comments on it.

ok......... i'm having trouble in posting charts..maybe some one can guide me as to how one can paste chart on the forum.
thanx....

after analysing the stall and the fact that the TIC data was to the disappointment, a stalemate or consolidation has kicked in. if 2600 can hold on, should go around 2665 and most like to around 2690 before a plunge back down..
entry to long euro at 2615............s/l 2578..............limit 2688................

well.........decided to bail out at 2642 after failure to go over 2650 initial resistance ....... entry to long again at 2612...s/l tight at 2597/..........limit 2650+...........will see how this one goes......
short entry on euppy at 135.78........s/l 135.99...limit 134.90............

got longs on euro.............. and made good out of it........... now again will go long from 2623.........s/l 2597, if it can hold around 2905/15 area, should make a run to 2675/90 tomorrow........
eur/jpy entry to short still intact at 135.78............
entry to long gbp now waits at 8355........s/l 8322.............limit looking for a test of 8450/85........

stryker said:

entry to long gbp now waits at 8355........s/l 8322.............limit looking for a test of 8450/85........

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interesting take on that scenario. I can see where you might want to buy it, given it's held twice today on tests, but it still appears heavy & suspect on a break of yesterday's lows. Should it give way, would price not maybe go for a run at the 8300? thus snatching your 322 in the process?

hope it works out for you!

ampro said:

interesting take on that scenario. I can see where you might want to buy it, given it's held twice today on tests, but it still appears heavy & suspect on a break of yesterday's lows. Should it give way, would price not maybe go for a run at the 8300? thus snatching your 322 in the process?

hope it works out for you!

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too late for that...s/l got triggered......... it was suppose to be for next day and i never suspected a fill today.......... euro managed to take it out at breakeven..........
sideline for now.......
was not aware that there was a currency report and china peg will be in focus......... fundamentals got the worse of me here................... always a next time........

eur/jpy was the only shiner and so far shed some lots out at 135.37.......holding other for a while....... have been long on euro from 2587...s/l breakeven and will see what CPI will bring things to around.......

Euro And Others Outlook

euro outlook..............
aug 4-5th2004........... euro fell from 2385 to 2225.......... it bounced back up to 2385/99...........aug 6th.......... came NFP...... euro shot 140+pips on one tick........... and never to come back there again............ that bounce actually was engineered from 2215/25............. so the full retrace below 2447( last pull back once it shot higher after NFP) is 2215.........and a break below opens the door for 1950 test..........

EDIT:
sorry............ i messed the dates up....... .........was so sure of the dates that didn't check em' out on the charts........
the dates are oct 13th......low 2224........ day previous day was a consecutive drop..initially a drop on oct 13th as well, but manages a dragon fly dogi, giving a bullish sentiment and from there on the strong uptrend took in effect reaching 3666 high.....
actual land mark was on oct 15th... when it took ove rthe 2430/50 highs it was retracing and holding previously.....
however the pull backs after touching 2490/95 was 2447 and then a move above 2500 b4 closing at 2474.......
for that matter.......2447, as it shows up again on the charts the lvls are 2440/60, and that could be the last break require ( a close under 2445 to be precise) for the full retrace back to 2225 and eventually 1950...............
hope that make sense........


any comments would be welcome...........
mostly i visit the following forum and write more vividly there.....
http://www.learncurrencytrading.com/fxforum/forumdisplay.php?s=&forumid=33

here there is more interaction between the traders the just the lvls postings.........

I follow - Gold - Still going down- So will the euro

Jeff

it has already... and i guess till NFP is out, we might be in a bit of consolidating mode.

stryker said:

i'm having trouble in posting charts..maybe some one can guide me as to how one can paste chart on the forum.
thanx....

Click to expand...

Hi Stryker.

Posting a chart is easy. Most folks will take a screen dump or use the facility within your charting package if you have one.

Then, as you make a post, you'll note there is a "manage attachments" button a little further down the page. Choose your chart from the pop-up box, upload it, then hit the "submit reply" button. Simple as that.

thanx....... i posted the chart as an attachment in other heading by the same name........ however lately been busy to update on the forum....... but i'm more active on teh dailyfx forum....... the link is
http://www.learncurrencytrading.com/fxforum/forumdisplay.php?forumid=33
normally will spot m eon eur/usd section and go by the same nick.......

euro and dollar index on the chart.......... like to hear ur views as well

I've just merged these two threads and deleted the duplicate posts. If you could confine posting to one thread, that would be helpful