Quote of the day: “The determination to win is the better part of winning.” – Daisaku Ikeda
EURUSD - 1.3635 @07:45 GMT
Trading strategy: looking to sell at 1.3740, stop at 1.3790 (0.5% risk), 1st objective at 1.3690, 2nd objective at 1.3600
Good morning. Intra-day resistance zone near 1.3650 is on the radar screen as the euro recovered after finding support at 1.3500 yesterday. It’s early yet to say that uptrend resumed, although the daily charts were not highly affected by last decline from 1.3860 to 1.3510. Next important resistance comes at 1.3750, followed by 1.3850. We’ll see if 1.3750 will be a good selling point if reached later today. At least now, it seems a good idea to look for a selling opportunity around that level, judging by how the weekly charts look like.
Support: 1.3600, 1.3530/50, 1.3500 and 1.3430/50
Resistance: 1.3650, 1.3700, 1.3730/50, 1.3800 and 1.3860
Market sentiment: long term – mixed, medium term – bullish, short term – bullish, intraday – bullish
- EURUSD 4hrs chart 2-8-2011
EURCHF
- EURCHF daily chart 2-8-2011
Have a great day and good luck trading
To ShortBus: commodity traders need at least years of trading to get mature and stable for profits. It is almost impossible without losing money first. Also, the goal should be long-term stable winning, not short term rich by luck. In fianancial market, one-time heros are happening everyday; but only a tiny few can go through for a life winning.
KC's reply was to the comment from this post
I won't move it manually because I don't want to break anything in the database :)
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