Eurusd update - 21 June 2012 Thu

Good morning,

Yesterday's swing was due to fundamental. I didn't expect eurusd to have such swings, who would?
Thats why trading is always so interesting.
Anyway, today, I expect eurusd will swing again but will not break the reistance top at 1.2750.
Therefore, I choose to pick short around 1.2725 region with 35 pips SL. Target exit is around 1.2600.

7 comments:

  1. It was a big swing indeed. Probably FOMC. I exit my long position just before it went against me. No loss little gain. The price action wasn't in my favour. Did you manage to get your profit?

    Haha! Not again. I'm planning to long again. By UK time early morning if it goes up to 1.2690 I'll long. Just have to wait for the price action.

    Good luck Aaron.

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  2. I was in front of the com yesterday. So I was able to anticipate the swing. I believe Eurusd will go up to that level.

    Good luck to you too.

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  3. there is 26 datas today plus other issues i prefer to remain flat

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  4. Wow! You stayed up the whole US session? I was too sleepy by then.

    Ah! My long was not met. I've gone short at 1.2670 and believe there will be a fair bit of pips as it is a break of 1Hour time and price level.

    Have fun for the rest of today!

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  5. kamenriderv3,
    sorry, i didn't see your message earlier on. target is 100 pips only from 1.2670 (short). No more. Price will not move more than that without a retracement.

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