Wednesday, April 04, 2007

Waiting for Tonight's ISM Non-Manufacturing News

Salam, just for a quick update here, all eyes should be focus on the news tonight, where it could be the impetus to get price action going. Currently euro is trading at 1.3349, near EMA 365 value (1.3345), meaning that price will go back and forth until the release. EMA line also flat, double confirmation that price ain't go further upside or downside. Heeds my words.
Preferred strategy = stay aside first. Buy at 1.3320 or all the way down to 1.3280. Sell at 1.3375 or 1.3410.

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