EURUSD Quick Comment and Few Setups to Start the Month With

Quote of the day: “Finance is the art of passing money from hand to hand until it finally disappears.” – Robert W. Sarnoff

EURUSD – 1.4543 @06:42 GMT

Good morning. Euro is pushing above $1.45 so I had to exit my last short, expecting the pair to continue to the upside ahead of next week’s ECB rate hike. In case of an intraday pullback, look for support around 1.4500 on first phase and 1.4450 lower. The US ISM Manufacturing Index is the most important event in the economic calendar today.

Trading strategy: standing aside

Support: 1.4500, 1.4450, 1.4400/30, and 1.4300/20
Resistance: 1.4550, 1.4600 and 1.4700
Market sentiment: long term – mixed, medium term – bullish, short term – bullish, intraday – bullish

EURUSD 4hrs chart 7-1-2011
EURUSD 4hrs chart 7-1-2011

Other setups:

GBPUSD

GBPUSD 4hrs chart 7-1-2011
GBPUSD 4hrs chart 7-1-2011

CHFJPY

CHFJPY daily chart 7-1-2011
CHFJPY daily chart 7-1-2011

EURCHF

EURCHF daily chart 7-1-2011
EURCHF daily chart 7-1-2011

USDCAD

USDCAD daily chart 7-1-2011
USDCAD daily chart 7-1-2011
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About abwehra group

The Art&Science of Trading Gold
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