Tuesday, August 14, 2007

A Quick Update

Today's Pivot Points:
R2 = 1.3747
R1 = 1.3680
PP = 1.3642
S1 = 1.3575
S2 = 1.3537

Today's Calendar:
1. US PPI and Core PPI 8.30 pm
2. US Trade Balance 8.30 pm

Today's Strategy:
1- Buy euro on dips, 1.3600, 1.3580
2- Sell euro on peaks, 1.3650, 1.3710
3- If 1.3600 breaks, expect the euro to sink to 1.3575 first.

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