At the moment the situation is so good for the dollar and the downtrend in euro will continue for the rest of the week. Only the braves are going to put their money of buying the euro. If this continue to unfold, I'm expecting levels of 1.3300/50 in sight. Just relax, follow your signals, tighten your SL, take reasonable profits and enjoy the rest of the day..!!
Today's Pivot Points:
R2 = 1.3573
R1 = 1.3507
PP = 1.3473
S1 = 1.3407
S2 = 1.3373
S3 = 1.3307
Today's Calendar:
1. US Housing Starts 8.30 pm
2. US Philadelphia Fed Manufacturing Index 12.00 am
Today's Strategy:
1- Buy euro? You gotta kidding me!!!, 1.3400
2- Sell euro, 1.3440, 1.3460
3- If 1.3400 breaks, expect the euro to sink to 1.3370 first.
1 comment:
I think it has just landed on the bottom of the weekly channel.. hehe
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