Quote of the day: “Finance is the art of passing money from hand to hand until it finally disappears.” - Robert W. Sarnoff
EURUSD – 1.4543 @06:42 GMT
Good morning. Euro is pushing above $1.45 so I had to exit my last short, expecting the pair to continue to the upside ahead of next week’s ECB rate hike. In case of an intraday pullback, look for support around 1.4500 on first phase and 1.4450 lower. The US ISM Manufacturing Index is the most important event in the economic calendar today.
Trading strategy: standing aside
Support: 1.4500, 1.4450, 1.4400/30, and 1.4300/20
Resistance: 1.4550, 1.4600 and 1.4700
Market sentiment: long term – mixed, medium term – bullish, short term – bullish, intraday – bullish
- EURUSD 4hrs chart 7-1-2011
Other setups:
GBPUSD
- GBPUSD 4hrs chart 7-1-2011
CHFJPY
- CHFJPY daily chart 7-1-2011
EURCHF
- EURCHF daily chart 7-1-2011
USDCAD
- USDCAD daily chart 7-1-2011
Have a great day
