Yes was keeping an eye on GU and that one was almost flat throughout this upmove in EU. Could this be just technical that they use these fundamental reasons to quickly fill up the gaps in the charts and drop it hard down later? In the quarterly ...

EURUSD

Ken, what is your guess where the EU will end up, it looks like they want to take it up to 1,17-1,18 at least looking at the monthly and quarterly charts. But they didn't build any support levels so if this falls it will be a sharp fall I think, ...

EURUSD

Ok understood, thanks for the explanation.

EURUSD

Also with the daily bullish engulfing candle and finishing near the highs today? It seems very bullish on the daily and weekly at the moment. I also took some shorts but it doesn't seem to be very safe.

EURUSD

No, not really low grade, just normal beer. If you ever find 'Duvel' in one of your pubs, you should try that. You just have to drink(well in my case) and you will feel that already

EURUSD

It is a belgian beer Just like Belgium has some of the best beers in the world, many different sort and many heavy beers.

EURUSD

On the daily, it looks like 1,133 is also a big level. Small broken previous support that was never tested. Maybe they want to give that one a touch?

EURUSD

I also caught that one at the top closed around 2,36, I think we closed this too early, this one might wanna go to 2,33...

EURUSD

Thanks, it looks like there is more upwards movement to come. You probably caught the GN high again today

EURUSD

Do you have a target in my mind for this one, Ken? Around 1,104-1,108?

EURUSD

Are you already looking for a shorting opportunity for GN?

EURUSD

Amazing trading, how you catch so many tops and bottoms. Do you use a more technical or fundamental approach? Anyway, thanks for the levels.

EURUSD

Thanks for the info. Are you planning on longing if it gets to 2,33? It looks like nice R:R around that area.

EURUSD

Where is your TP for GN? I am looking for a long entry around 2,347 or do you think it can get to 2,329 again?

EURUSD

July 2015 US ADP employment report 185k vs 215k exp

EURUSD

There is still monthly support at 1,072, it will be difficult I think to break this in one go.

EURUSD

That is something what I also saw. I think where they want to go is already predetermined, like you say, they use the news events to get there. Like last Friday, that 1,11 level still had to get touched, so they did it right on a news event. ...

EURUSD

Thanks for the info

EURUSD

Do you still expect a bounce up? I have a short from today at 1.11 and I am thinking of closing it here.

EURUSD

Still don't know about that one, look at the yearly chart 1,5544 is yearly support. So a weekly close under Y support. I have a small short in and I am gonna look what happens with 1,5544. it might visit monthly support 1,5288.

Mr. Scott's Crayon Thread