EU at critical point. Drawing TLs from highs and lows on weekly chart from 2006.5 will find it. However, both today's high and low are lower than yesterday. Wait for today's close is higher than yesterday to long.
EU support:
1.4566, 200% of last uptrend
1.4309-1.4364: previous weekly support
EU resistance:
1.4950-1.4980: previous resistance
1.5300: previous resistance
Forex DataSource predicted the "normal" trading range in next week is 1.4350-1.4800, and an“extreme”range 1.4000-1.4700.
James Chen thinks the S/R are 1.44/1.4960.
UJ support:
108.50
UJ resistance:
TL from 2008.3.17
GU support: G>U, up bias
1.8520, previous support, touched today (8.15) at 1.8511
1.8389, 1.8385, 1.8310: 50% from 2003.4.1 (2003.9.1) to 2007.11.1,
1.8303: 38.2% from 2001.6.1 to 2007.11.1
GU resistance:
1.8900: 76.4% temparory.
Forex DataSource predicted the "normal" trading range in next week is 1.82-1.87, and an “extreme” range 1.79-1.88.
Action:
Sell stop @1.8475, SL 1.8575.
this week until now: -1.717%
UC: -1.28%
2 weeks ending 15 August: 3.158%, 10 out of 17 win.
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