22-3 head and shoulders

There is a Head & Shoulders pattern on 1 hour chart which could lead to target price of 1.3080, there is also larger scale head & shoulders on 4 hour timeframe which could lead to further down fall of EUR, to 1.2600

Look at chart from yesterday to see 4 hour head and shoulders pattern.

21-3 EURUSD still on up side

EURUSD is near 1.33 and could penetrate it and go up to 1.3320, there should be some heavy resistance and pullback could occur. Anyway divergence on MACD is still there and is warning us about possible pullback.

One other possibility is big head and shoulders on 4 hour chart, and we are near second shoulder, take a look at second picture.

I can't give some clear entry signals as there are none, just be careful and there is a possible sell on its way, but it is still too early to talk about selling.

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20-3 Up?

EURUSD has gone straight p without significant pull back, until we see otherwise I will presume it will go further up, there is some MACD divergence which shows we are near the top!

I presume it will go up to 1.3310 and than encounter significant resistance and could go for some pullback, so until price reaches 1.3310 there is no selling for me.
What about buying? I would buy close to 1.3200 in other words range from 1.3210-1.3230 could work with stop around 1.3190.

19-3 on the rise

EURUSD is going up, but today it will probably show some pull back to 1.310 area if it stops there we could have nice head and shoulders pattern (inverse) meaning that EUR could go as high as 1.33
It is also good to know that right shoulder is exactly 0.618 Fibonacci retracement of las move up, and if it will go up is shouldn't close below.

anyway, big risk would be to enter short and ride it to 1.310 area, and lower risk would be to wait until it hits 1.3100 or 10 pips lower and to enter long with 40 pips stop and target of 1.3290

15-03 retracement

EURUSD will probably show some retracement today up to 1.3120, when it gets there if there are signs of reversal to down trend again. I will use it.
Signs like double top, MACD divergence !!

I don't have much time, but there is some explanation on
http://www.forexpeacearmy.com/forex-forum/sive-morten-analysis/19275-eur-usd-daily-video-march-15-2012-a.html

14-3 no entry today

EURUSD is bearish, but still very uncertain, anyway there should be a lot of support and stalling reaching 1.2900-1.3000 area so there should be some new signals there.

Today only possible entry would be to enter short with stop above 1.3127 but this is a large stop and I don't like it.

13.3. more retracement

EURUSD retraced more than I anticipated, anyway it is still in sell zone, as long it is below 61.8 fibo level.
If bar closes below 31 fibo level or 23 this is a sell signal with stop above recent high !
Target would be around 1.2970-1.2780

12-3 Only way is to Sell

Looks like there will be no retracement even shallow one. If There is a retracement to 1.3150 I would like to establish fresh new sell position there, target is 1.2950, anyway there is nothing else in my mind but to search for new sell position. I always like retracements for entering.

9-3 NFP day careful

Sell signal if bar closes below support on H4 (4 hour timeframe), stop loss above recent high

8-3 same as yesterday

Some retracement is showing, I will go only for a sell position, no buying despite retracement!

Sell will go when price gets below red line !

7-3 divergence

Yesterdays plan was a no go, anyway I was mad that I didn't enter on the short side and eur was dropping like a stone in water. Anyway chart is showing some divergence today and it could turn around and go a bit higher creating retracement channel and giving a chance to sell at higher prices!!

I will watch for significant Fibonacci levels to for a chance to enter short !

And major resistance should be 1.3190 where I will be glad to enter short.
Second significant level is 1.3250 ! Another possible entry point!


Fibonacci levels

divergence on MACD

6-3 bit of stall

EURUSD is on its way to break support on daily timeframe which would mean further move to the down in larger scale!

What could we expect today, probably no sell signal, and a bit of retracement which gives a chance to enter at a better price.

Price should probably reach 38% of whole move to the down (fibonnaci resistance) that is around 1.3280. I will wait for that retracement (which could be choppy) and  after some confirmation (on 1 hour  or 15 min chart) that direction is turning around I will enter short. This scenario could happen today but  today could be also very slow and without sell signal, market could take some time off after that big move.

shown below daily, 4 hour and 1 hour

2-3 some reacement expected

Market has reached some support after nice thrust down, before continuing its journey down it will at least show some retracement if not new highs, after all on daily time frame it is still bullish.

Today I am looking for a buy above trendline on 15 minute chart as showed below - around 1.3325. It should reach at least 1.3390 in my opinion, from there we shall see.

UPDATE: no retracement today, euro is dropping like a stone ! No entry