Hi guys if you're wondering why there was heavy resistance at the 4540 level, check out the chart I've attached. It is a weekly chart. You can see the red line of resistance I've drawn.

EURUSD

wow look at it go

EURUSD

so far I've had a great day today. I'm a little reluctant to jump in now after just taking profits even though it is now making some new highs. I'm going to stay out for awhile.

EURUSD

oh no lol...damnit i hope my long position holds for taking profit.

EURUSD

Despite this thing going down...I doubt it will last long. I'm thinking that it will reach the 4400 level (at least) before today is out.

EURUSD

It is hard to predict long term like that for me. One thing for sure is that it is very likely that it will test the 4200 level and will probably come back to test the 4150 level again. I think it is hard to predict when you have a bottom or a top.

EURUSD

I am currently short and looking to take 25pips of profit. entered at 1.41587 I have a take profit at 1.41330 and have a wide emergency stop loss.

EURUSD

It is dangerous to trade on a day where there are interest rate annoucements or speeches from anyone at a central bank let alone the other problems going on at wallstreet. Personally, and I may be going against the grain here....I hope that AIG gets ...

EURUSD

Just heard that the Fed is ready to inject more money if required. I'm still bearish.

EURUSD

well the yen is getting stronger from this news, lol. Can't tell much else from it lol. Divergence between oil and gold too which is interesting, on the 30min time frame.

EURUSD

It'll probably go up at first on the bad USD news (if it is bad) but will then come crashing down a few hours later and make new lows. I don't know but it will be interesting to observe what happens. I'm not trading this news one way or another. I ...

EURUSD

I'm still not convinced by this move up. The news data has not been released yet, lol.

EURUSD

yeah you could be right. It is a very powerful line of support for the EUR/USD that's for sure. But yeah, this is a crucial point for the EUR/USD.

EURUSD

Yeah — Yeah you guys could well be correct. I don't know. I think by the end of the year the EUR/USD will start heading back up and definitely into 2009 it will continue to go up when everyone realises how messed up the US economy ...

EURUSD

I don't think that the US central bank worked so hard to pull the EUR/USD down only to let it rise significantly today when it needs US sentiment to be strongest. It seems like a foregone conclusion that it will be another rally for USD no matter ...

EURUSD

what settings do you use for your BB? On Oanda the default is BB(14,2)

EURUSD

Yeah you might be right about that. Although I think there will be some bounce around here somewhere.

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gold and oil are looking likely to bounce. I'm strongly considering going long at the moment. edit: I am long for 20 pips. I entered at 1.42077 and take profit at 1.42277

EURUSD

Ahh, sorry dude, I got the names mixed up. I like your chart though. And yeah thanks for the explanation. I thought that's what it meant but I wasn't sure. I'm still learning lots from everyone here

EURUSD

Quick question, but see how on your chart, the two trendlines and intersect creating that triangle?--is that what one of those 'wedges' that signifies that a breakout is just around the corner? url You know how when you see the the price action ...

EURUSD