Eurusd update - 23 Sep 2011 Fri

Good morning everyone,

I strongly believe past 2 days were just an act to trigger some positions in the market.
Well, it definitely frustrated me a bit too.
Anyway, I believe sentiments should be more calm now since US is already in deep trouble.
So I favour picking long around 1.3450 if eurusd forms a reversal at this level. SL will be around 50 pips. Target exit is around 1.3800.
Posted by Aaron Chan at 18:41

2 comments:

  1. PooM Promaster22 September 2011 at 19:16

    Dear my sifu ... why you confident for retracement ..... ^_^

    ReplyDelete
  2. Aaron Chan22 September 2011 at 19:59

    Hello Poom

    Reason is because yesterday's candle is a reversal candle with long shadow at the bottom. And fundamentally, I believe BRIC will render their help to euro.

    ReplyDelete

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