Friday, June 29, 2007

Hawkish FOMC Pushed Euro Lower

Today's Pivot Points:
R3=1.3534
R2=1.3507
R1=1.3475
PP=1.3448
S1=1.3416
S2=1.3389
S3=1.3357

Today's Calendar:
1- US Core PCE Price Index 8.30 pm
2- US Personal Spending 8.30 pm
3- US Chicago PMI 9.45 pm
4- US Consumer Sentiment 10.00 pm

Today's Strategy:
1- Looking for Asian session high/low breakout.
2- Waiting for a perfect bullish MACD divergence in 15M to emerge.
3- Buy 1.3410, 1.3390, sell 1.3450, 1.3475

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