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  #62502  
Old May 1, 2010 5:33pm
KissFan's Avatar
Can I get an Amen from the back row
 
Member Since Jan 2008
Default EU Long Bias

I would like to post my view of EU. I believe that we are setting up for a move to 1.3367. A great entry would be 1.3272 with a SL of 1.3252. There is confluence for entry at the 40ema on the hrly along with the 150ema on the 15min chart which dictates a low risk entry there (1.3272). The 365ema on the hrly coincides with the 1.382 ext of the fib I have plotted for my target. I also like the retrace that we are experiencing afte the well formed pin on 1 hr friday. The weekly chart shows risk to the upside with divergence on MACD thereandon the daily chart. Risk is 20 pips and reward is 95.

K.I.S.S.
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