Thursday, May 24, 2007

It's About Time...

It's been a lively and profitable trading session yesterday,....well it's about time I guess..
After plunging to as low as 1.3413, the euro bounced mercilessly towards 1.3502, uniterrupted, before retracing back again in Asian session..continues to have difficulties making additional headway. We have three 1st-tier news, our focus will turn to today's Eurozone IFO, US durable goods and new home sales at 4.00 pm, 8.30 pm, and 10.00 respectively.
Pivot Points;
R2 = 1.3562
R1 = 1.3512
PP = 1.3472
S1 = 1.3422
S2 = 1.3382
Trading ideas: buy 1.3430, 1.3410, 1.3385, sell 1.3495, 1.3515
Good luck guys...

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