Eur/usd

[Sparrow]

	Quote:	FXTrader
	The quick post feature has been freezing up on me and I just noticed my message from Friday wasn't posted. Here it is.

Hi FXTrader, thanks for your posts, that happens to me sometimes as well. I simply switch to advanced editor and then the posts seem to go through.
Coincidence or solution? Dunno but works for me.

[FXTrader]

	Quote:	Sparrow
	Hi FXTrader, thanks for your posts, that happens to me sometimes as well. I simply switch to advanced editor and then the posts seem to go through. Coincidence or solution? Dunno but works for me.

Ya, I ended up using the advanced editor this last time and it went through fine.

Btw, the euro has dropped back down near previous support in the 1.4380 area. Watch this area closely into the London session. There may a place to get long again down there that could drive price up into the sell zone I mentioned earlier. Stay tuned...

[FXTrader]

The euro made its way back to 1.4430 where it died down. The market appears to be waiting for the flurry of data coming out during the London and US session on Wednesday. I prefer waiting for the market to show a little more life before entering. Keep holding the longs from below in case we get a break higher.

[FXTrader]

The euro has finally made its way back up to test resistance. Look to short between 1.4520-1.4550.

[FXTrader]

Here is a chart showing the sell setup.

[FXTrader]

The short setup from Friday played out for about 50-70 pips depending on how the trade was managed. Since then price has rallied higher. This is exactly why I’ve been saying to hold onto the longs while we take some countertrend trades. Talk about little extra icing on the cake! I am looking to short the euro between 1.4660-1.4700.

[FXTrader]

Start looking to sell the euro between 1.4750-1.4800. The longs from below are still working nicely. If this changes, I'll send an update.

[FXTrader]

Start looking for a place to short the eur/usd around the 1.4700 handle and then again at 1.4750. If price goes that high, consider lightening up on the longs from below.

[FXTrader]

Look to sell the euro between 1.4730-1.4750 and then again at 1.4800.

[milliard]

Where do you see first line (potential) supports hitting on your sell reccomm's FXT?

4670-90?...4620?....harder back to 4570 initial?

Just trying to get a handle on your geography, timezone.

Good thread.

gl & gt.