MARKETS

Tuesday 3 January 2012

Where is the EUR$ heading?

The EUR$ trend is just about being defined. It would be alot more easier to upload an update for EUR$ chart after NFP. But considering price proximity to the defining trend line, i thought it just might be okay to drop this update today. This is a typical trend line retest and should be an easy trade... wait for a confirmation of bullish momentum if trend line is taken to the upside, otherwise look to take a short signal on re-test.

Happy Trading!

2 comments:

  1. If you don't know what is happening to the EUSUSD pair right now, i suggest you look again.

    ReplyDelete
  2. We've now seen a 130pips drop since last update. Are you in?

    ReplyDelete