The pair is trading @ 1.4060; yesterday it moved from 1.3960 to 1.4130 area; after reach the top it had a correction down to 1.4060 so far; yesterday data were in favour of the dollar; probably all except the decision taken @ the FOMC; I think today data about unemployment claim will be really important as well the TIC long-term purchase data; a quick look at the OI says that yesterday up-movement was well supported and it's not the result of some fake movement; in the 4h chart we are trading in the upper bollinger band, far away from the EMA; rsi is @ 60 and the stochastic is making a retracement; as I said on the 14Th morning: "today is a day for a big movement", looks like we had a big movement up, and it was well prepared: it is clear in the chart; we were @ 1.3900 and right now we may just experience a correction and a consequent test of 1.4160-1.4200 area;
here are some support and resistance:
R3 1,4390; R2 1.4220; R1 1.4140; S1 1.3970; S2 1.3880; S3 1.3710;
My trading plan:
I am short 1x unit since yesterday;
I will stay short untill US data will be out;
stop loss 1.4140;
target 1.3900 area
have a good trading day
:D
No comments:
Post a Comment