Around 1.400xx sensitive area ... if it inches down to this level ... there could be a bounce back up ... not sure how much up it could bounce ... that depends. but it seems as if somebody has halted the market with a directive. Looking at the 15M ...

EURUSD

still half an hour of indecision.

EURUSD

maybe in today's NY session but the short will be nice.

EURUSD

a rather strong resistance around 1.4100-13. I understand 1.3940 area was not high enough to sell. but I can't understand what has moved Euro to crawl up.

EURUSD

Please keep in mind that whenever a trend begins, continues or reverses ... it starts with a 1M chart. Hence the price has begus waning off like a depleted moon on EU charts. Weekly shows a 50SMA steeply looking into a pit ... daily is wedged under ...

EURUSD

shush ... there is a something happening. Chopper Ben is about to open his trap.

EURUSD

Today in asian session, God help bears ... and tomorrow and daily open I don't feel that it will be a pretty sight for them. Just cautioning myself.

EURUSD

so we are jumping to the conclusions already. It might as well reverse from 1.3794. Just lets not make our minds.

EURUSD

I am in favor of bagging pips only myself ... does not concern me if it goes to 1.60 or 1.08 ... but QE2 is projected to be bound by volume. A certain amount of commodity is gonna be eased on quantity ... it affects the currency but can't push ...

EURUSD

CCI showing extremely bullish divergence on 15M and a pin bar candle. I suspect this might be it for the down move.

EURUSD

If we touch 1.3822, we are going down to 1.3776 and 1.3650 as in an extension.

EURUSD

Yep but on the other hand Europe won't want Euro to go that high against dollar either. So we come to square one ... don't we ? If the owners of Euro won't want such an expansive euro against dollar ... what would happen ? Sure those days are gone ...

EURUSD

I don't feel like going either way ... not today at least. Candles are pushed down and pulled up on 15M ... the way 1.3885 is holding, I reckon it will take bears some time to persuade it to let go. Any second opinion ?

EURUSD

As long as the daily pivot holds @ 1.3939, I think the bears are safe. With a few pips CCI is already touching the ceiling ... so there might come a retracement towards 1.3779 area. What do you guys think ?

EURUSD

It could go up but it will have to violate 1.3931 first which does not seem likely to me. I reckon we are gonna see some jagged candles around H1 for the rest of the day. Directionless volatility is rising, until things calm down I would hold my new ...

EURUSD

EU candles still jagged ... directionless and highly volatile. What is DOW doing ?

EURUSD

its fun to watch a trading forum turn into a roulette table ... LOL !

EURUSD

going either way is early. bulls should watch out for 1.3855, if safe yet look out for 1.3900. those who trade formations eur has made a new high on 15M but this could be a sweet trap ... unless it makes a higher low around 1.3828 bias above opting ...

EURUSD

not only that but MACD also showing steep bullish divergence on 15M ... but we must not rely too much on these technical and pattern indications ... because thats what fundamentals are for ... they break the rules when in action.

EURUSD

APSI is for extra authentication. zig&zag decides the bias of the move ... though zig zag badly repaints, can keep repainting for upto 100+- pips ... yet at numerous times this saves a lot of grief. And one thing that got missed is about putting ...

S+R (Stoch + RSI)