Quote of the day: “Problems are not stop signs, they are guidelines.” - Robert Schuller
EURUSD – 1.3974 @07:45 GMT
Good morning. I hope you all had a nice weekend. The euro is little changed since Friday’s post-NFP – currently pushing on the 1.400 resistance level which will likely be breached in the coming trading sessions. My plan to buy at 1.3850 and hold the position up to 1.400 was a good one and I am currently looking for more buying opportunities in the coming days – either on a break higher or on potential pullback to 1.3850-1.3900. Today’s most notable event in the Forex Economic Calendar is Trichet’s Speech at 12:00 GMT.
Trading strategy: standing aside
Support: 1.3930/50, 1.3900, 1.3850/60, 1.3800 and 1.3750/60
Resistance: 1.400/15, 1.4050 and 1.4100
Market sentiment: long term – mixed, medium term – bullish, short term – bullish, intraday – bullish
Do you expect the EURUSD uptrend to remain intact? share your thoughts
- EURUSD 4hrs chart 3-7-2011
