That's what I call for today's trading session. The forex market began the day in directionless fashion. Hey..I'm feeling lethargic myself. Hard to conclude after a wild and powerful move on last Friday. I think the euro could surge higher to test 2007 high at 1.3370, BEFORE retreating/consolidating. MACD 4-H looks bearish, so is MACD 1-H.
I will get on trade when I see a buy signal from MACD 15-M chart, (right now looks bullish, lines are starting to cross in the negative territory). 1.3280-90 is a good level to buy, and we could target 20-30 pips.
This week we only have Fed Interest Rate announcement as our first-tier forex news. Concentrate on their statement, whether Ben Bernanke being hawkish or dovish. If he get dovish, let's continuing our dollar slaughter....
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