EURO/USD daily chart.

[Neurobroker]

EURO/USD trading pair broke down below the support level at 1.3300 and started to move to the support level at 1.3100. If the support level at about 1.3100 is broken the next strong support level can be expected at about 1.2750.

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[JP1966]

I have a sneeky feeling that you may be proved right and that 1.31 breaks!!

 

[Neurobroker]

Support Levels

On daily chart EUR/USD trading pair is forming a triangular pattern with the main support at about 1.2800.

On weekly chart EUR/USD trading pair has formed a trading channel. The support trend-line of the trading channel is currently at about 1.2800.

Since 1.2800 is located near the intersection of important support trend-lines it is likely to provide a very strong support.

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[TWI]

Thanks for the charts.
IMO, this pullback will prove to be a great opportunity to get short $ again. Market is focused on interest rate differentials rather than the relatively sicker debt ridden state of the US economy over Europe. Stronger dollar will only serve to transfer inflation over here anyway so these IR moves are no reason to change the $ bearish stance.

 

[Neurobroker]

On the daily chart EUR/USD could be building a Symmetrical Triangle with a support trend-line at about 1.2930; or EUR/USD could be building a Descending Triangle with a support trend-line indicated with a black dashed line on the Daily chart.

See weekly chart at www.neurobroker.com

 

[SAINT]

Thanks for the charts.
IMO, this pullback will prove to be a great opportunity to get short $ again. Market is focused on interest rate differentials rather than the relatively sicker debt ridden state of the US economy over Europe. Stronger dollar will only serve to transfer inflation over here anyway so these IR moves are no reason to change the $ bearish stance.

Nice post Twalker. Was looking to short after payrolls, with Trade data coming up.
Strong payrolls would be nice!!

 

[Neurobroker]

EUR/USD has touched the 1.2800 level and has almost reached its support trend-line.

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