Dollar is dropping

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

Good morning. Dollar is dropping across the board along with the Japanese yen. AUDJPY is now well over the 100 mark while the USDJPY is only 1 figure away from the psychological barrier of 100. Will it get there? yes, it is only a matter of time (a few days or less).

EURUSD

EUR recovered against the dollar since my previous post. It did, however, reached my target at 1.2750 from the selling zone of 1.2850. Now I’m looking to the other side: planning to buy it

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy on break above 1.3050, stop at 1.2980, target at 1.3220
EURUSD daily 04-09-2013

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About abwehra group

The Art&Science of Trading Gold
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