OK, this is getting ridiculous.. how is EURUSD now over 1.42?? (4/1/11)

1.4132 was the top! Now it is at 1.4083 (50 pips in a bit mroe than one hour). .


I would not be surprised if those who recognize things in hindsight may have now noticed it. I would further not be surprised if earlier short sellers would cover on them for some profits.

 

They did it again. 1.4083 was the bottom, e/u now at 1.4210.

 

Could someone check if e/u traded at or below 1.4034 this evening? It is now at 1.4060.

 

1.40260 according to June futures, not sure if this is the right type.

i think this is a live chart
http://www.futurespros.com/futures-...width=550&studies=Volume;&cancelstudy=&a=I:60

 

Yes it did in Currenex Retail Spot...low 1.40331

 

Thanks to shortie and to the moderator ES for the information. It was helpful.

E/U now at 1.4136. +102pips. Would longs take profits at this price? How deep would the retreat be in next 60 minutes or so (if there would be a retreat)? 1.4110?

Update: now at 1.4150 area. shorts seem to be covering their azzes. That is what can happen when average joe shorts the bottom.

 

e/u at 1.4070. Is this latest selling over?

 

1.4070 was indeed the absolute bottom!
Now at 1.4132. +52pips from the bottom.

 

Me too, if I go manual.

 

Right now, EUR/USD looks to bounce a bit more (appx 200 pips)...back toward 1.45, with minimized risk of downside.

Seems to also be setting up for a Bull Flag