Market Updates EURUSD Daily Forex Analysis: 1.3600 Prints in Testimony Chop
| EURUSD Daily Forex Analysis: 1.3600 Prints in Testimony Chop |
| Blog & Emails | |||||||||
|
I mentioned yesterday that 1.3600 was a target on the top side for EURUSD. I hope a few people were able to take advantage of that last night and this morning. I can't trade for you but I can tell you what I think is likely to happen. You should still do your own analysis, but so far this month I have been pretty spot on with the EURUSD. I would like to take suggestions about the next currency pair I should post on next month. I'll take requests. I also noticed that the USDCHF target was hit this morning. I am waiting on the others now. Briefly, I would hold off on trades with the GBPJPY and EURJPY. They had almost no reaction to any movement this morning which may be an indication that the pairs will not retrace any of the move from Yesterday but that they will continue their push downward. We'll have to see. There are entry points further up on both pair but I am doubting they will happen. Instead I will now be looking for GBPJPY 138.09 and EURJPY 120.82, but not entering yet. Make sure you do your own analysis before entering a trade. EURUSD has begun settling down now that the "Wonder Twins" fiscal advertisement... I mean congressional testimony, is nearing an end. I joke because they needed a way to send a signal to the markets that they were still going to keep a loose monetary stance while telling banks, to get ready for less support. I firmly believe it was an orchestrated show to shore up confidence in the Equity markets while not letting the USD get to hot. That being said, there is still a big
Powered by !JoomlaComment 3.26
3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."
|
EZ