dimanche 3 août 2008

EURUSD daily chart


At the first look, we are doing the similar pattern than what happenedbetween November 2007 and February 2008 when we broke 1.5000. It's interesting we are gdoing the same at 1.6000.


The main trend is still on the upside even if we are working at the bottom of the cloud.

The 2 sen(Kijun, and Tenkan) crossed to the downside, which means the pair could work lower. The Chinkou Span is working under the rates, means also the pair needs to work below the current levels.

We broke also the EMA50, while MACD, and RSI have been crossing their neutral to the downside too.


We are working in a huge range from 1.6030 - 1.5280, Any breaks from of this 2 levels will giving to us the next trend , I think we will have an answer very soon.


Currently we are long at 1.5605 with a SL 1.5510(from July).


Be long @1.5455 with a Stop Loss @ 1.5313(reverse the position), for a new attempt at 1.6030 we could take 1/2 of our positions at 1.5739.


Be short @1.5313 with a stop Loss @1.5455 for a test of 1.4950-4900.


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