Tuesday, October 25, 2011

eur/usd Oct 25th


Opportunity to sell now;
stop 1.4000
target 1.3700
 
aparently the meeting of eu ministers is cancelled;
the rate failed to continue over 1.3950;
and there is a clear possibility that it will go back to 1.3700 area.

 

Monday, October 24, 2011

Eurusd Oct 24th


eurusd Sell opportunity;
stop @ 1.3900;
target 1.3844;
on the daily chart the pair is trading the 50% resistance of the last bearish move;
we can see in the hourly chart that eurusd is trading close to the middle bollinger band, but is below it at the moment;
a clear failure to go through the middle bollinger band should be a clear sign to go short with a target to the low of current candlestick;
current eurusd quote is 1.3866;