Dec 22, 2011

EUR/USD

An imediate drop is expected on the forex market. The market is downside oriented today. It's preferable to play this bearish scenario  as long as the market does not go above 1.3183, as I anticipate a direct drop atleast  to 1.2944. Sell close to 1.3133 to play a drop to 1.2944. The invalidation level of this trade idea is at 1.3183 levels. 
Good luck trading@


3 comments:

frank howard said...

The obvious caveat in this forecast is that the Euro is already 300 pips off of its lows, and the “easy part” of this pullback trade may already be over. In other words, the Euro rally could slow down and we could see sideways trade until further notice, limiting the appeal of fresh Euro/US Dollar long positions.sell structured settlement  

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