Tuesday Breakout Trading Opportunities to Consider

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

Good morning. Aussie dollar is rising across the board after the RBA raised interest rates to 3.25%. The euro is losing ground on more Greece worries. The U.S. Election is definitely this week’s most important event. There are some nice breakout trading opportunities to watch in the coming sessions:

EURUSD

Euro breached below support at 1.2820 and there’s no sign of relief yet; therefore selling on minor intraday pullbacks to the upside is, in my opinion, the best thing to do in the coming sessions

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell on pullback to 1.2820, target at 1.2620

EURUSD daily 11-6-2012

EURUSD daily 11-6-2012

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About abwehra group

The Art&Science of Trading Gold
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