Wednesday, January 10, 2007

Forex strategy

Hello Traders,

I was waiting for clear direction... so propably we have new direction...

EUR-USD - 1,2980 support was taken out easly, important could be todays close, but in my opinion bears now have bigger chances and should push pair lower twds 1,2870 ( now support at 1,2930 is testing ). New short position could be build near breaking point ( 1,2980 ) with tight sl.
NOTE: EUR is also under-pressure from GBP and again from JPY.

EUR-JPY - 154,90-155,30 - propably good level for short with 152,50-153,00 limit target. If 152,50 will be broken easy, we could see deeper fall twds even 147.

Good Luck
Piotr

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