EURGBP - Resistance area upside Daily and Weekly

Just a thought.Click to zomm in.

GBPUSD Trade Plan move stop b/e | Daily Market Thought Areas

GBPUSD Daily only win momentum downside with a close below 1.5650.
EURUSD reamin above 1.3536 and can run more if close hourly above 1.3680 next area [1.3720,1.3750].
Sellers need to close EURUSD below 1.3536 that will give more downside magnitude to cable.
GBPUSD have here important area need breakout so eyes EURUSD.
Click to zoom in. Good luck folks.


EURUSD - Weekly Market Thought 24012011 and Key Levels

EURUSD balance last weeks between 1.29 and 1.35 but last friday break and more important close above 1.3536.

Hold and close weekly above 1.3536 bullish, but if close weekly below  1.3536 change beas to bearish.

Suprise suprise today ( monday) fill  and hold 1.3536 ema200 and run to break last week highs.

Check chart possible pattern again. Balance indicador and move higher still valid.

Weekly close above 1.3536 possible will test [1.3720,1.3750] possible extension 1.39 (nothing new here follow last thought).
Important: remember first week  2011 suport 1.3050 market close weekly below and 2ª week reversal again. Now can be the same but with resistance 1.3536, so sellers need to close this week below 1.3536.
If close below 1.3536 can call friday close and  monday action, false breakout if not more upside coming and new test trendline is possible.

Click to zoom in. Good Luck folks and have  a great week.

Economic Calendar Forex - 24/01/2011

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Can see last thought:
EURUSD here | GBPUSD here | GOLD here