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CME Euro FX Futures 6E

Red, sorry ,i was already asleep when you posted!.. I haven't had much time to look at it, but the daily chart indicates 1.3826 coming. Cycles are not very clear.... here's a real short term peak (10 min chart).. id be buying anywhere around the lower prc band...
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A daily close above 1.387 is bullish .. stay above 1.3841 is also bullish imo
Originally posted by CharterJoe

Red, keep in mind the ECB meets on Thurs morning @ 7:45 to meet on interest rates which will no doubt move the euro 100 pips in one direction....I am hoping down.

target rate is 1.00% and there expecting no change. I am thinking that anything other than a rate hike will tank the eur/usd

Wonder if we'll stay in a tight range till that news comes out
I thought we would have stayed in a tight one today???
food for thought, a longer term target in range as a potential reversal area I am watching is 1.3924 = Fib 76.4 of 1.4250 - 1.2870, spiking moves should be interesting in the morning...
1.3841 holding as support; the 8:30am et. EUR ECB Press Conference
may change that ..
watching 1.3937
Originally posted by redsixspeed

watching 1.3937

1.3937 may be the new support
this will have to improve to stay up here :

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RTH bullish close on bearish dirvergence
1.387 is a key # for me the next # above that is 1.412 .. I look for
the mean = 1.3995 which is @ 1.400 that some are saying is resistance.
Resistance doesn't mean reversal ..
At $85 billion/month, it cost Bernanke a little over $1 million for each job created last month. Well done, professor. -Tim Knight