Thread: Discuss all about FX open

EUR/USD
resistance
1.3665 Ten days average line
1.3535 The low of January 8th
1.3475 Hour high of January 12th
1.3445 Hour high of January 12th
support
1.3295 The high of October 30th, 08
1.3240
1.3080 The high of November 25th, 08
1.2903 The low of December 10th, 08

Thanks for the update friends. Right now i am focusing on these:
• EURUSD: Selling bounces. Some profit taking at 1.3180 support possible. 1.3300 resistance
• EURJPY: 118.65 minor and 120.00 major resistance, Look for trendline break around 117.75
• USDJPY: Looks fairly priced. 89.50 resistance, 88.90 is support.
• GBPUSD: Is getting a bit too stretched to downside. 1.4700, then 1.4585 area supports.
• USDCAD: Buy dips. 1.2225 is key 55-day MA resistance, a break leads higher. 1.2085 support

I made a short trade at 1.33, anyone forcast it? I want to hold it for more time, SL: 1.3320

Originally Posted by TaoJin88

I made a short trade at 1.33, anyone forcast it? I want to hold it for more time, SL: 1.3320

I have closed all E/U positions, seems H1 chart in retracement, watching now....

EURUSD Outlook
As I had expected, the EURUSD continued it’s bearish momentum yesterday. After break the key level 1.3300 (which also a breakdown from descending triangle) the pair had a nice bearish momentum, bottomed at 1.3141 and closed at 1.3180. The bias remains bearish with 1.2970 as the next target. Immediate support is seen at 1.3140 area. A break below that support area could trigger further bearish momentum. CCI in oversold area and about to cross the -100 line down on 4h chart so watch out for a potential upside pressures testing 1.3300 and 1.3390 resistance area.

get it from FXOpen.com

G/U H1 charting analysis


Sell limit: 1.4630, S/L *******720, T/P 1.4300
Sell stop: 1.4540, S/L 1.4640, T/P 1.4300

U/J is approaching the time bottom, with falling below 89.00 again. It trades at 88.93/98, the time bottom is 88.85/90. Many traders are waiting ECB cuts its rate.

E/U is relatively going stable now, waiting ECB cuts its rates.

kkitq, agree with you, still waiting for todays important news

do not do trades at this time

Originally Posted by kkitq

U/J is approaching the time bottom, with falling below 89.00 again. It trades at 88.93/98, the time bottom is 88.85/90. Many traders are waiting ECB cuts its rate.

yes, U/J turning trend from 88.50, stop short U/J.