EURUSD eyeing up at 1.3300 level
by ejcruiser on Sep.19, 2010, under Trade Setup/Market Overview
The EUR/USD has broken a key resistance level at 1.3000, and now it looks like it is well on its way to reaching resistance at 1.3300. The question is, when and how quickly will it get there? At Sydney open today, our near term zones will adjust to new levels, if applicable. The break of Friday’s high will give us an early indication of bulls continuing drive to raise the price toward the next zone. Our TFS signal remains at +100 Strong Trend. I will keeping an eye on the hourly chart today to get a visual confirmation of the bullish continuation.
Today, I have fun applying the different fibonacci lines and levels as shown on couple of charts below. I have also posted my regular Z3 TFS swing chart setup.
EURUSD – Daily & Hourly Charts with Fibonacci levels applied
EURUSD – Daily & Hourly Charts with Z3 Zones – My Z3 Setup
September 19th, 2010 on 11:30
The 2 charts above with all the fibonacci lines kinda look messy.
Z3 System is fibonacci based and for that reason, I normally do not apply fibonacci on my regular chart setup. Like I said, it was fun doing those fibos earlier today.
Keep an eye on EURUSD and other USD counter pairs as the dollar continues to weaken.
Trade your chart and signals. Trade well.
EJ
January 19th, 2011 on 13:35
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