Sabtu, 02 April 2011

EURUSD Still in Range Trading

Quote of the day: “If you cannot convince them, confuse them.” -�Harry S Truman
EURUSD – 1.4088 @05:55 GMT
Good morning. The charts are quite confusing as rangebound trading continues, as seen on the hourly charts – while the daily charts are bullish and we have a key support into the 1.400-1.4030 region still valid. Downside is limited as the euro holds gains ahead of April’s ECB rate decision. As long as 1.400 holds, I prefer to look for buying opportunities but only in case of a convincing rally. Meanwhile, there are some other pairs to look for interesting trade setups
Trading strategy: Read More

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