Charts, Commentary, FOREX, Pivots Grain, Support & Resistance|October 30, 2012 6:25 pm

EUR USD PP, S/R

EUR acted positively today , on no particular good news. More disagreement among France and Germany is being aired on the news wires.  The market continues to expect Spain to ask for a bail-out before Christmas. The Troika this week-end confirmed what was evident in the last two years: Greece needs some forgiveness on its debt in order to even think about any path towards recovery. It did not go down well in the banking circles.  I think that Merkel will try to continue to avoid the subject until next years elections.

Last weeks trend-line is being tested as well as the 45 day pivot ( green line).  If it stays above, my target is the 1.3050 range. 

 EUR Daily

 PP  1.2944, R1 1.30, R2 1.3041, R3 1.3139

 S1 1.2905, S2 1.2846, S3 1.2849

 

 

 

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Alexander Hamilton
MrTopStep.com
Alexander H. Hamilton is the principal of Mountain Value, a family office, specialized in global equities and foreign exchange   He started his career in finance at Merrill Lynch in 1982. In 1984 he became a fund manager for the Guyerzeller Bank where he managed global trust accounts.  In 1989, he joined SEFI S.A, the advisor of Argus Fund, a multi compartment Luxemburg Sicav, investing in global equities and high yield bonds. He became managing director and a member of the board. In 1998 he became a partner Asher B. Edelman & Associates LLC, co-managing a European value fund. In 2004 he established Mountain Value, a family office.   Alexander Hamilton is associated with Dr. Artur P. Schmidt in the development of Tradercockpit AG ( www.tradercockpit.ch) , based on the  I-Matrix software developed by Dr. Schmidt. This approach uses cybernetic algorithms to analyses the interdependence and reciprocal effects of a variety of economic indicators and price movements.   Alexander Hamilton has a MBA from New York University Stern School of Business and a BA from the University of Lille in semantics.

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