Tuesday Charts That Matter

Good morning. Euro looks a bit heavy but still holds around $1.2900 ahead of ECB’s Draghi speech later today.

EURUSD

I think that a stronger support is formed between the two fib lines (1.2750 to 1.2830), hence a potential buy zone

Market sentiment: intraday – bearish, short-term – bullish

Potential trade strategy: to buy dips at 1.2850, target at 1.30

EURUSD chart 4hrs 9-25-2012

EURUSD chart 4hrs 9-25-2012

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About abwehra group

The Art&Science of Trading Gold
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