eurusd cofa się z linii oporu na 1.3750

Cytat dnia: “Im więcej alternatyw, tym trudniejszy wybór.” – Abbe’ D’Allanival

EURUSD – 1.3711 @08:13 GMT

Good morning. 1.3750 is still intact on the daily charts as price pulled back earlier today as German GDP came at 0.40% as widely expected. However, uptrend is intact and resistance at 1.3750 followed by 1.3860 remain in focus as long as 1.3600-1.3650 support zone is not threatened. I opened a long position at 1.3760 – on the 4hrs close above 1.3750 and I still have the position open although it doesn’t look too good at time of writing.  Today’s important events in the Forex Calendar: Durable Goods and Initial Jobless Claims at 13:30 GMT, followed by New Home Sales at 15:00 GMT.

Trading strategy: holding long at 1.3760 with initial stop at 1.3690 (0.5% risk), 1st objective at 1.3820, 2nd at 1.3900

Support: 1.3700, 1.3650, 1.3550/80 and 1.3500
Resistance:  1.3750/80, 1.3800/20, 1.3860 and 1.3900
Market sentiment: long term – mixed, medium term – bullish, short term – bullish, intraday – bearish

EURUSD 4hrs chart 2-24-2011
EURUSD 4hrs chart 2-24-2011

About abwehra group

The Art&Science of Trading Gold
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