Friday, November 03, 2006
EUR/USD
Hi guys and gals. Sorry I haven't posted in a few days but I have been having computer problems. Hope all is well and that you are benefiting from my trade calls. Let me know how you are doing. Take care and have a wonderful weekend. :)
The Euro closed higher Vs the U.S. dollar on yesterday as a result of the ECB meeting, being supported by 1.2740. The attempt of breaking 1.2780 failed so far and the pair is still ranging in the 1.2770-1.2780 area. Bullish daily sentiments favors the upside areas and I am expecting to see a test of 1.2830 even today or next week. High volatility is expected today due NFP announcement in the U.S. Support is at the 1.2730-40 area backed by 1.2700 and 1.2660. Resistance is at 1.2780 followed by 1.2800 and 1.2830. Good luck trading!!!
Recommended trades:
Long in the 1.2750 area, stop/reverse below 1.2720, objectives at and above 1.2820.
The Euro closed higher Vs the U.S. dollar on yesterday as a result of the ECB meeting, being supported by 1.2740. The attempt of breaking 1.2780 failed so far and the pair is still ranging in the 1.2770-1.2780 area. Bullish daily sentiments favors the upside areas and I am expecting to see a test of 1.2830 even today or next week. High volatility is expected today due NFP announcement in the U.S. Support is at the 1.2730-40 area backed by 1.2700 and 1.2660. Resistance is at 1.2780 followed by 1.2800 and 1.2830. Good luck trading!!!
Recommended trades:
Long in the 1.2750 area, stop/reverse below 1.2720, objectives at and above 1.2820.
