Tag Archives: Euro
Day Traders
Euro 135.80 ish Canada futures…101.25-36.. These are low risk levels to sell against.
A.M. Look 2/11/11
We show a double bottom in the Euro @ 135.08 with Fib matches @ 134.75…Do not sell weakness. USD/JPY…83.80-90 (App 119.20 ish futures) has been sticky for the past few quarters. Do not buy dollar strength or sell futures weakness into … Continue reading
Daily observation
Eur/Jpy…Eur/Chf are positive on the day ( choose your resistance wisely in the Euro) FXI..has held a big level on the downside.. Both Gold and Silver have held support for now. We will be looking to add to our long … Continue reading
A.M. Look 2/10/11
The currencies are the main feature across the board this a.m.( The Dollar is stronger across the board) The Euro having reached it’s resistance yesterday is now back at the weekly support area. USD/JPY is back to the model breakout … Continue reading
A.M. Look 2/9/11
The early action looks to be muted, the entertainment will have to wait for the API #’s in Crude and Uncle Ben’s testimony later in the morning. As previously stated: the Euro is strong on the crosses! Look instead to sell 80 point … Continue reading
Euro…EUR/GBP
EUR/GBP..is getting into Fib land..160 ish in the Pound will be a tough level to press shorts the first time in. I am bringing this to your attention for 2 reasons: 1) I want to see how the Euro reacts … Continue reading
A.M. Look 2/8/11
It will be a day traders kind of day. Price action below 1314 on the Spu P&F shows a little more weakness in the Index. Price action over 1320… the P&F’s show more strength. All the action is in the … Continue reading
A.M. Look 2/7/11
You need to let the morning set up a little more. The Euro is close to the bottom of a 100 point range and needs all new weakness below or above this range to start another move. ( do not … Continue reading
TBT..30 YR. Bond Futures….Panic!
Any remaining TBT longs should use a 38.70 stop close. Do not be a hero and pick a spot to sell oil. Panic can take it to 90 ish. The board is selling Euro VS. buying Oil and the metals. … Continue reading
SPU.. Pattern Alert
A close today below 1290.80 would be needed for an outside daily reversal close lower. In the meantime the rest of the board is showing concern over Mideast political tensions with the Dollar move up against the Euro and commensurate … Continue reading