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- Shadowfx replied Jul 18, 2008
Hi I respect your opinion and sometimes very daring forecast...
, though I don't tend to agree with this one... Just a question on the sideline, since you are from Malaysia, what do they prefer over there for the country...a strong or a weak dollar? ...EURUSD
- Shadowfx replied Jul 18, 2008
I tend to agree with this, since the new high of 1.6037, EUR has bounced back..true..but has continuously failed to break the new main D & 4H UTL. UTL now @1.588, cant see it to be broken without further main events and in its current ...
EURUSD
- Shadowfx replied Jul 18, 2008
Morning all, First bank to come out with reversal opinion... 0852 GMT [Dow Jones] EUR/USD's failure to follow through on the break above 1.6018 leads to a sharp decline, taking out supports at 1.5941 and 1.5885 and is first evidence that the uptrend ...
EURUSD
- Shadowfx replied Jul 17, 2008
Looks like Oil finding some support at this level (129$)...took profit at 1.58, still some shorts open...for round 2...

EURUSD
- Shadowfx replied Jul 17, 2008
CAUTIOUS..If you expect a retrace..OIL is breaking a major Daily Lower Trendline as we speak, which opens a freefall towards 128...and..lower...Dont need to explain what that means for the Euro..
(Goes south, major if OIL drops in the freefall, ...EURUSD
- Shadowfx replied Jul 17, 2008
Fully agree Steelhead, London close is just a small indicator or lets say small confirmation of a certain trend for me, nothing major...
EURUSD
- Shadowfx replied Jul 17, 2008
..seems like a small bearish signal at London close..can be a nice indicator forecasting directions...just something I picked up over the years...don't go blind on this one, just a small confirmation for me there's no "urge" to push ...EURUSD
- Shadowfx replied Jul 17, 2008
Imo what he tries to say is...if UTL at 1.588 would break and sustain it, which has not happened...then 1.5902 would be bullish... London closing in 10 min, interesting to see if they close bullish or bearish...i.e. if we see EOD buys or sells ...
EURUSD
- Shadowfx replied Jul 17, 2008
Might get a bit chilly on your own at the top there...
Besides oil uncapping to be signed Friday morning, there are no major events scheduled for the USD on the calendar for today & tomorrow imo.... 1.588 is the 4h UTL that needs to be broken for ...EURUSD
- Shadowfx replied Jul 17, 2008
Narrow win for USD in round 3...but EUR seems to have found new energy...hammering USD now...round 4 for EUR...seems we heading for a tie once again at 1.585..but wait...USD starts of round 5 with a nice uppercut there...EUR back in the ...
EURUSD
- Shadowfx replied Jul 17, 2008
What a start of round 3....EUR didn't see that one coming...think USD cut the eyebrow...EUR bleeding red now...in for some medical assistance...seems not to bad...who will win this round...

EURUSD
- Shadowfx replied Jul 17, 2008
Nice series of shorts there from the USD...EUR backs down a bit ...will USD gain back the early loss in this round...Ok...a narrow win in round 2 for the EUR...USD still in the lead....
EURUSD
- Shadowfx replied Jul 17, 2008
EUR coming back strong out of the corner...little hesitation...but nice flanker there...will USD respond...or we heading for a tie once again at 1.585....

EURUSD
- Shadowfx replied Jul 17, 2008
Not only respond, that was a massive blow...support towel been thrown in by EUR at 1.582...round 1 for USD...lets see what round 2 brings..will EUR recover from this one...?
EURUSD
- Shadowfx replied Jul 17, 2008
EUR v USD Live on Forex Factory EUR fights back now...ouch that uppercut did hurt....does USD respond with another devastating blow...?
EURUSD
- Shadowfx replied Jul 17, 2008
Kaboom...


...another blow on the chin....who goes K.O. first....
EURUSD
- Shadowfx replied Jul 17, 2008
Oil dropping further..nearing 133$ now, 0.5$ away from main daily support LTL...US Open or maybe even before can be a blast...but I'm careful..could reverse..buy oil "low"...and we have a complete different picture...nice exciting day ahead imo...

EURUSD
- Shadowfx replied Jul 17, 2008
Some very simple logic...there is one thing the world currently agrees about...we want lower prices for petrol, read lower oil prices...the fact that the USD benefits via the peg from it...is a nice coincidence for Bernanke & Co....to get out of the ...
EURUSD
- Shadowfx replied Jul 17, 2008
Watching Oil sharply now, if it breaks Daily LTL at 132.5$ it has a potential to fall towards at least 125$...which could be the start of a trend reversal..
EURUSD