After a large bullish move, the Euro has ranged for about a week now, unable to garner significant follow through. This may lead to some unwinding if there is no bullish boost during the Bernanke speech. A breakdown will test the range lows around 1.3015/3000, where some intraday buyers will likely take a crack at. If this fails, then 1.2920 and 1.2890 are on deck.
Kind Regards, Chris Capre
Komentar
Ryan_Tyler
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Thanks for your analysis. Took a small short trade and expecting 1.30 by the end of today.
2ndSkiesForex
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Hello Ryan, Glad you enjoyed the analysis. Markets still a little choppy, but Euro still weak and having a hard time finding follow through over a week, so if the sellers decide to take over, 1.3000 seems like a solid target so good luck.
admin
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Apologies for our comments filter. For some reason it decided to mark your comment as spam.
2ndSkiesForex
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Hello Admin - thanks for the heads up as I was wondering why all my comments were being filtered/reviewed. Thanks for the follow up.
Kind Regards,
Chris
admin
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Well, this is embarrassing. Fixed all your previous comments as well. Will keep an eye on that beast of a spam filter :) If it won't behave though, please fell free to contact us directly at support [at] tradingview [dot] com.