Tuesday, August 21, 2007

Off The Wall..

Hah..The price action yesterday really drove me off the wall. But what more could you expect on Monday trading day anyway? We have German ZEW Economic Sentiment at 5.00 pm, a positive number could propel euro towards resistance 1.3520, on the other hand, a negative one could send euro back to the 1.3450 support zone.

Today's Pivot Points:
R3 = 1.3550
R2 = 1.3529
R1 = 1.3501
PP = 1.348
S1 = 1.3452
S2 = 1.3431
S3 = 1.3403

Today's Calendar:
1- German ZEW Economic Sentiment 5.00 pm

Today's Strategy:
1- Buy euro, 1.3450, 1.3430
2- Sell euro, 1.3520, 1.3550

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