Friday, 19 October 2012

EURUSD possible to go short just at 1.3070!

This is more of a short term position. Market positioning I think is long EurUsd. Market will want to reduce those long going into the weekend. Yesterday 1.3080 was a good support. ACBs were buying strongly at that level. As we have gone lower, I see that as a short term resistance. Maybe try taking profit around 1.3030. I dont think 1.3000 will break for now.
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3 comments:

  1. Effexlive19 October 2012 at 01:47

    Taken back on the eurusd. Seems supported around 1.3050. Maybe a big buyer there. Tried to break a couple of times but still being supported.

    ReplyDelete
  2. Anonymous22 October 2012 at 00:25

    nice trade

    ReplyDelete
  3. Effexlive22 October 2012 at 01:40

    For more good trade ideas from us, You can sign up for the FREE FX Diary email update on the left toolbar.

    :)Have a good week!

    ReplyDelete

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