Chinook's EUR/USD (E/$)Mumblings

December volume almost caught up with the September one.
I made my switch.

Goodby ECU04, I'll miss you

Chinook

 

Yup - bailed out of my shorts as quickly as humanly possibly - looking to go short again between 1.2130 - 1.2150

 

price is at 1.2165 looks like the mkt is tryna run up and test 1.2196?

 

I wouldn't go short at this time. I think long side is safer.

Chinook

 

I'm to chicken to go long just yet. I'm not yet convienced that it will make it to 1.2196????

 

It looks like it. It's not even pulling back 20-25 pips...


Chinook

 

Resistance

1.2196 Sell this failure
1.2200 Neutral Zone
1.2222 Buy this break

 

I'll buy around 1.2140-45. Let's see...I'll track it with a short-term MA and start buying once it gets crossed over.

Chinook

 

Agreed - looks like a strong reversal.... I think I'll wait till momentum changes

 

Eur/Usd is starting to show some signs of running out of steam at the 1.2172 level. I might have a good possible shorting opp soon. I have to run out to the store so I will be back in about 20-30 minutes. Let's see what happens during that time?