EUR/USD

Nomura's take on Fiber


I'm not advocating it

Just a messenger

123 low + range breakout
I'm already long from 1.3655
SL is below 2 of 123 low



1.3820 area is the key resistance!

Cheers for the heads-up RC.

I'll keep an eye out on this trade, and I'm actually biased towards your view of the currency pair than Nomura's take to be fair; but in some cases I simply post institutional views (such as UBS's weekly TA for example) to get different takes on the markets, and do so purely as a messenger (as per Remos' DYOR!)



Catch up soon, and keep on posting, always look forwards to your trade set ups!

Libero wrote: Folks,

Nomura Bank's take on the EURUSD...

Their take is:

bear flag forming with minor support at 1.3500/3477

But that was before Draghi spoke.

alarm bells started ringing when I read their TA... word of caution if you follow Nomura as
1. no mention of time frame on chart
2. source is Bloomberg
3. analysis is based solely on wave structure - which is suicide in trading ( My opinion)

I believe what they have shown is 4H chart - their bear flag did break down - but soon shot up
(you can call it a Draghi effect BUT also look at the massive MACD divergence on the chart - I am sure this had some role behind the rise!)


there is a nice triangle on weekly

1.3800 is a massive triangle resistance

it has flirted with that area 3 times on the daily chart


I am in favour of a break to the upside

Folks,

Nomura Bank's take on the EURUSD...

Their take is:

bear flag forming with minor support at 1.3500/3477

But that was before Draghi spoke.

looks ok ..


dl.dropboxusercontent.com/u/4899609/eurusd26thjan2014.png