Yesterday's strong price action was not solely attributed to better than expected numbers in core durable goods and new home sales..but what moved the euro lower was much due to the liquidation of the carry trades (EU/JPY and GBP/JPY)..Euro remained confined within a 50 pip trading range...today's calendar is barren (if i'm not careful), so let the technical runs the show...
I spot a bullish divergence signal both in 4-H and 1-H charts, so the short-term reversal maybe just around the corner, hence my title today, 'cleared to take off'..
Pivot Points
R3 = 1.3505
R2 = 1.3483
R1 = 1.3456
PP = 1.3434
S1 = 1.3407
S2 = 1.3385
S3 = 1.3358
Sila berhati2 dengan market sekarang sebab euro mungkin akan mencatatkan 'new low'. Hari ni Jumaat, so mungkin price tidak stabil...saham-saham jatuh, berkemungkinan carry trades pun jatuh...so, kalau teragak-agak nak enter market, jangan enter langsung...maaf bahasa pasar..
Trading ideas; buy 1.3410, 1.3385, sell 1.3445, 1.3460
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