Eurusd update - 11 Apr 2012 Wed

Hello everyone,

Eurusd seems to be more bullish then bearish but topside has more limited space with 1st and 2nd resistances at 1.3110 and 1.3150 respectively. Fundamentally, eurusd should be turning up due to bad US news.

So I will pick long only if another reversal is form near 1.3060 regions. SL below 1.3035. I expect eurusd will climb back to 1.3250 regions.

1 comment:

  1. Hello everyone,

    I just shorted eurusd at 1.3120 with 40 pips SL. I see that eurusd seems to be going for the drop as I technically forecast.
    So I decided to ignore the fundamental aspect and take a punt.

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