Quote of the day: In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. – Alan Greenspan
EURUSD
Trading strategy: long at 1.3800, stop at 1.3730 (0.5% risk), 1st objective at 1.3850, 2nd objective at 1.3950
Euro’s correction is completed and uptrend resumed – the 1.38 region being again in focus. Now that previous resistance at 1.3800 is breached, next upside barrier is seen around 1.3900 – formed by the 61.8% of 1.5145 to 1.1875. Intra-day charts are bullish although the pair is consolidating since yesterday afternoon, but it seems ready to achieve fresh gains above 1.3860. In case of a pullback – we may look for support into the 1.3750-1.3800 region. As long as the pair holds above 1.3750 – intra-day sentiment remains bullish. Current exchange rate is 1.3843 @06:47 GMT
Support: 1.3800, 1.3750, 1.3680/00 and 1.3600
Resistance: 1.3850/60, 1.3900 and 1.4000
Market sentiment: long term – bearish, medium term – bullish, short term – bullish, intra-day – bullish
- EURUSD hourly chart 10-6-2010
More trading setups
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- XAUUSD daily chart 10-6-2010
EURCHF
- EURCHF 4hrs chart 10-6-2010
USDJPY
- USDJPY 4hrs chart 10-6-2010
AUDUSD
- AUDUSD 4hrs chart 10-6-2010
GBPUSD
- GBPUSD 4hrs chart 10-6-2010
EURJPY
- EURJPY daily chart 10-6-2010
Have a great day and good luck trading!
i dont know why but look at EURCHF pullbacked near 1.3462 (fibonacci number 1346269)
EURNZD could break for months the 1.8320 zone (fib number 832040)
NZDUSD = fib number 75020 ..now near this 0.7515)
fibs, no fibs… all I hope is to see EURCHF up to the sky and above! Even out of this galaxy. :)
"They're not very smart people people, that's why they're in Washington."
Must watch Jim Rogers' interview.
http://jimrogers-investments.blogspot.com/2010/10…