Friday, August 10, 2007

Just As I Have Suspected It To Be...

Hmm...just as I suspected yesterday, that the euro could move out of its tight range..Today is Friday, so i expect more volatility in the market, otherwise we could see another boring consolidation phase..

Today's Pivot Points:
R2 = 1.3879
R1 = 1.3777
PP = 1.3715
S1 = 1.3613
S2 = 1.3551

Today's Calendar:
1. Second-tier news--> US Import Price Index m/m 8.30 pm

Today's Strategy:
1- Buy euro on dips, 1.3650, 1.3630
2- Sell euro on peaks, 1.3715, 1.3740

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