Comments on: Daily analysis and trading strategies 3-11-10

By: Liviu

Liviu — Thu, 11 Mar 2010 11:34:30 +0000

I'm ignoring EURUSD as much as I can nowadays (while in range). My eyes are on the AUDJPY, USDCAD, NZDUSD and Gold.

By: Adam

Adam — Thu, 11 Mar 2010 11:30:50 +0000

Yes, exactly that. 'waiting state'. We'll wait for that catalyst. In the mean time we can relax and just watch candlestick forming.

By: Liviu

Liviu — Thu, 11 Mar 2010 11:17:21 +0000

it is in a 'waiting state' and some catalyst is needed to favor a 'real' break to the upside. Minor rallies of 100 pips or so won't force the bears to hit the panic button. But, reversals of large moves don't just happen… some time is required for consolidation before building momentum the opposite way. Unless, of course, there's some major unexpected event or news.

By: Adam

Adam — Thu, 11 Mar 2010 10:18:09 +0000

I think that EURUSD will bounce even more before penetrating some of resistance or support lines. Maybe around friday.