What more can i say! If nothing big changes the play of things, i will be targeting the 1.3700 zone. Couple of big news releases coming up this week. New Home Sales, Federal Funds Rate ,etc. Will be tightening my seat belt near those.
Ah, look at the beautiful channel play. If the line indeed turns out to be resistance by today’s close, we may very well get ourselves a strong channel. It helps also that the potential resistance line is around 1.4000. A strong even number. One interesting point to note is that […]
The previous daily channel we were talking about seems to be over. The pair topped at around 1.4337 A new upper and lower trend line seems to be forming. Oil and S & P are up at the moment. This usually results in weakening USD.
Remember i mentioned that the EUR/USD seems to be trying to climb back to the daily channel but i am more short biased? It seems that it indeed failed and the former support is now resistance. Interesting to note that under the Koala System, daily is starting to become flat. […]
24 Hours later, we are back at almost the same price levels. 1.4000+ Everyone repeat after me, R A N G I N G market. On the other note, it is hovering around the lower trend line of the daily. My bet is the former support is now functioning as […]