EURUSD
Trading strategy: small long at 1.2960, stop at 1.2880(0.5% risk), 1st objective at 1.3010, 2nd objective at 1.3100
Fresh upside targets are in focus as the euro climbed higher yesterday and managed to stabilize around the $1.3 handle in overnight trading session. The full break above 1.3000 is in the cards and in case it happens–then 1.3250 will be the next important objective. Intra-day sentiment is bullish at the time of writing and no change will occur as long as dips won’t break below 1.2950. Buying on minor pullbacks or on a breakout higher seem the best strategies to use in current conditions. Current exchange rate is 1.3017 @05:50 GMT
Support: 1.2950, 1.2900, 1.2860 and 1.2750/70
Resistance: 1.3025/50, 1.3100 and 1.3250
Market sentiment: long term – bearish, medium term – slightly bearish, short term – bullish, intra-day – bullish
- EURUSD 4hrs chart 7-27-2010
More trading setups
GBPUSD
- GBPUSD 4hrs chart 7-27-2010
EURJPY
- EURJPY 4hrs chart 7-27-2010
EURCHF
- EURCHF daily chart 7-27-2010
NZDUSD
- NZDUSD daily chart 7-27-2010
Have a great day!
