[primarylogic]

Originally Posted by kkitq

Today, USD/JPY is hopeful to stall. Strong resistance:96.40. weak resistance:95.80; strong support: 94.00, weak support:94.60.

Thanks for the info, kkitq!

I just made a short order of U/J. Hope U/J can breakout 95.

[TaoJin88]

i am with you, primarylogic, i am considering to close it, seems EU is going down to 1.26

[primarylogic]

E/U H4 4 Charting Analysis

buy limit 1.2580 S/L 1.2550

RISK YOURSELF

[kkitq]

Originally Posted by primarylogic

Thanks for the info, kkitq!

I just made a short order of U/J. Hope U/J can breakout 95.

It is my pleasure. Hope it is useful for you.

[kkitq]

Originally Posted by TaoJin88

i am with you, primarylogic, i am considering to close it, seems EU is going down to 1.26

Now the EUR/USD will still fall in the short-term. It is very possible to drop to 1.26.

[TaoJin88]

kkitq, yes, it go to 1.2610 today, but I do not think it will go to 1.2580, as show in primarylogic, it can be 1.2610, this is a strong support position

[primarylogic]

Originally Posted by kkitq

It is my pleasure. Hope it is useful for you.

Got 90 pips from short U/J.

[primarylogic]

Originally Posted by TaoJin88

kkitq, yes, it go to 1.2610 today, but I do not think it will go to 1.2580, as show in primarylogic, it can be 1.2610, this is a strong support position

I set pending order at 1.2580 buy, and it was executed, but all pairs drop down yesterday, so I closed it with only 10 pips.

[TaoJin88]

i hold it, and i made another long trade at 1.2580, so, I am still in profit in total till now

[kkitq]

[FONT='Times New Roman','serif']The EUR/USD held steady Monday despite a large selloff in U.S. equities as the Euro appreciated against the Pound, offsetting the losses seen in the GBP/USD. The EUR/USD remained above our bottom-end support and uptrend line, an encouraging sign for the S&P futures. However, one would be mistakened to believe the EUR/USD won’t test near-term supports further if the S&P can’t get its act together. Fortunately for those long EUR/USD, the EU will not release much economic data in the next couple days, providing a breather as compared to the GBP/USD. On the other hand, the ECB will announce its rate decision on Thursday, which could be a cut of anywhere from 50-100 basis points. If the Euro can continue its appreciation against the Pound, the EUR/USD may find stability in the near-term. Although, the U.S. will not be light on economic data, providing the anything can happen scenario. We maintain support of 1.2562, with fresh 2nd tier resting at 1.2476. On the upside, our 1.2669 acts as strong resistance, with 2nd tier and top-end hanging at 1.2783 and 1.2892 respectively. The EUR/USD is presently exchanging at 1.2623. [/FONT]