Euro Up or Down

Discussion in 'Forex' started by VisionTrader, Sep 19, 2005.

  1. I am Long Euro but only for a retrace to the top of the hourly trend channel and a fill of the gap. With that said, there is a strong case for a nice move up. If it weren't for all the divergent stuff on the dailies I would feel more comfortable.

    As usual there are a couple of views on what defines the recent uptrend channels (or bear flag). Take your pick.

    Take a look a the attached chart . Could we just be at the bottom of the uptrend channel instead of fallen out of it? Makes it interesting to say the least.

    Gold UP, Oil UP, Hmmmm.

    BTW this is EURO FX not spot. Same situation on spot charts
  2. nah, we're bogged down by indecision.

    greenie'll loosen things up a lil later. :D

  3. Not sure why the novel was posted above by novelposter.
  4. to teach us all not to FCK with forex.