Friday, April 06, 2007

Profit Is My Theme of the Night

Salam,
I just can't conceal my smile tonight, seeing euro tumbling down. I was biased towards selling euro because the current price was more than 50 pips away above the EMA 365 value. For me, IT'S A MATTER OF TIME before euro took a dive all the way down to 3375. The NFP prints better than expected, and it's a double dose for dollar to rally. Syukran, I profit 55 pips tonight.

Long-term, euro is looking bullish despite this recent downfall because price is still contained within medium-term rising channel.
Buy = 1.3320, 1.3280
Sell = 1.3425, 1.3450
Thanks and have a nice weekend.

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