Search This Blog

Tuesday, November 2, 2010

FX Update 11/02/2010

Most of the stops on the upside must have been done and EURUSD still trades fairly bid.
However, the resistance levels of 1.4035-45 have for the time been respected and should they fail to contain
the upmove some new levels come into play @ 1.4065-75.
I ll continue to respect the idea that until we got FOMC, we shouldn't really overcome 1.4100 and will stick to my sell rally strategy.

No comments:

Post a Comment