07 November 2012

EUR/USD : New Short @ 1.2850

  • As previously indicated, weakness expected here. Limit sell order at the neckline at 1.2850 filled earlier today on post-US election Risk On rally.
  • Not much more to say as previous post on this was made just 2 days ago. Analysis unchanged. Except perhaps that sharp reversal from 1.2875 today is a good sign for EUR bears (now at 1.2765) ie even more confident now of the bearish view.
  • Target 1.2580 based on daily chart. If this is met, then will re-assess the weekly chart to see if there is more to go. Monthly still clueless.

4 comments:

Taichiseal said...

Limit sell order at 1.2780 filled.

Taichiseal said...

Pyramid -1.2722

Taichiseal said...

Stopped out 1.2755

Taichiseal said...

Re-established short @ 1.2742