I would suggest buying the EURO at 1.2050. Hold it until 1.2155. 
Or you may want to exit when the USDJPY hits 113.35
Or you may want to exit when the USDJPY hits 113.35
The EURO
- Thread starter Ivanovich
- Start date
Quote from downrivertrader:
I would suggest buying the EURO at 1.2050. Hold it until 1.2155.
Or you may want to exit when the USDJPY hits 113.35
Look at a ten minute candle stick chart and tell me that the Euro is going up.
Its lower lows since September, why would it rally up?
The US Non Farm was a spike, but no support after.
Or course I could be wrong and you right, time will tell.
Price currently at 1.2087
If price can hold onto the 1.21 handle in NY. It will see next trouble at 1.2142-55 area. Above here 1.2170 is important and will likely provide a challenge. If it does break thru then1.2220 is the target. This is the 200 day MA. Sort of a stupid level I think but one paid a lot of attention. So I pay attention to it.
If current levels do not hold, then we may move south to around 1.2018
Good luck everybody. Good thread.
If price can hold onto the 1.21 handle in NY. It will see next trouble at 1.2142-55 area. Above here 1.2170 is important and will likely provide a challenge. If it does break thru then1.2220 is the target. This is the 200 day MA. Sort of a stupid level I think but one paid a lot of attention. So I pay attention to it.
If current levels do not hold, then we may move south to around 1.2018
Good luck everybody. Good thread.
Quote from downrivertrader:
I would suggest buying the EURO at 1.2050. Hold it until 1.2155.
Or you may want to exit when the USDJPY hits 113.35
THis has been one of those famous whacky mornings. Price is back at 2050. Brave have another buy opportunity.