Sabtu, 09 April 2011

EURUSD Pushing Towards 1.42 Resistance Zone

Quote of the day: “Whenever I hear ‘It can’t be done’, I know I’m close to success.” -�Michael Flatley
EURUSD – 1.4175 @07:28 GMT
Good morning. The euro gained Vs. the US dollar, breaking the resistance around 1.4150, providing an initial clue that uptrend has resumed. My plan to buy at current levels on the break of interim resistance at 1.4150 was triggered, with an initial stop at 1.4100 (0.5% risk) and an open target. It seems that a new test of 1.4250 is due soon and I remain bullish on a short-term basis as long as support zone around 1.400 holds. Read More

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