Charts to End the Week

Article originally published on innerfx.com and republished here with permission

EURUSD

Good morning. Euro is currently recovering some ground after it found support at the 50% fib retracement value, around 1.2840.

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

Potential trade strategy: to hold long, target at 1.31

EURUSD 4hrs 9-28-2012

EURUSD 4hrs 9-28-2012

Silver

Resistance at 35 is again in focus as silver is climbing higher, after it found support around 33.50.

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

Potential trade strategy: to buy on break of 35, target at 37

Silver 4hrs 9-28-2012Silver 4hrs 9-28-2012

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About abwehra group

The Art&Science of Trading Gold
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