Eurusd update - 6 Oct 2011

Good morning everyone,

Eurusd is currently consolidating within a range 1.3260 - 1.3375. I can say we relax and watch the market, let's wait until market breaks either direction then we enter trade. In the meantime, market definitely will swing us out if we keep taking sides.

Well, when I say sides it is meaning euro side or US side. Its the battle of the currency now! Which side will emerge victorious in keeping their currency weaker? Lets wait.

7 comments:

  1. so you didnot enter short at 1.3370 yesterday?

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  2. Shorted. SL shifted. Market kicked me.

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  3. Kicked? Do you mean you shifted stop loss to breakeven at 1.3370?

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  4. Sorry I didnt short at 1.3370. Didnt short in time. Went in at 1.3335 but trigger stop after shifted to 1.3370. Over confident after a double market won't reach.

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  5. http://upic.me/show/28796350

    Now i'm shorting flag formation

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  6. same view yesterday, add on to my confident , so short 1.3360 take profit @ 1.3290 as the support is quite strong. thks

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