Less hawkish comments from Dr. Bernanke yesterday are not helping the dollar, much to my disappoinment (I'm considered myself as a dollar bull). But the dollar managed to close slightly firmer against the euro.
Today's Pivot Points:
R2 = 1.3851
R1 = 1.3824
PP = 1.3804
S1 = 1.3777
S2 = 1.3757
Today's Calendar:
1- ECB President Trichet Speaks 5.00 pm
Today's Strategy:
1- Asian high low breakout. (will discuss about this setup later).
2- Buy euro on dips, 1.3755, 1.3720 are good long entry level.
3- Sell euro on peaks, 1.3840, 1.3815 are good short entry level.
4- Waiting a bearish signal from the hourly cornflower setup.
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