Quote of the day: “Be always at war with your vices, at peace with your neighbors, and let each new year find you a better man.” – Benjamin Franklin
EURUSD
Trading strategy: standing aside
Good morning. The euro is climbing higher before year end, recovering towards $1.34 at time of writing. The sustained break above 1.3250 is a clear bullish sign and next barrier stands into the 1.3450-1.3500 zone, which provided support in November and was a reversal point in December 14. Now that there are only a few hours left until 2011, I doubt there will be any significant moves, so we’ll see next week if the euro will be able to hold recent gains and threaten 1.35.
I’d like to take this opportunity to wish you all a happy and prosperous 2011! …and a nice Year End party!
- Happy New Year 2011
- EURUSD daily chart 12-31-2010
- EURUSD weekly chart 12-31-2010
