On monday no big news are coming out; so if I quick look at the tecnical analysis it says that last friday after a bad news on the Euro side the rate went down from 1.3640 to 1.3520 to correct to 1.3610...that was 76.4% it went down to 1.3466 after that;
the closing price was 1.3492. I see tthe current scenario: the rate will open @ 1.3492 and will go up to 135.10 or upper to 1.3533 and than will ride down to 1.3400;
some support and resistance: R1 1.3603; R2 1.3715; 1.3898; S1 1.3420; S2 1.3349; S3 1.3166;
here is my trading plan:
I will sell 1 unit of EUR/USD at the opening if it is above 1.3460; stop loss 1.3610
I will sell 1 unit @ 1.3507 stop loss 1.3610;
I will sell 1 unit @ 1.3533; stop loss 1.3610;
I will buy back @ 1.3420 or lower: I will check the market developement.
Have a good trading day :D
No comments:
Post a Comment