13 August 2013

EUR/USD : Range Top

  • Range trading outlook now on the weekly chart.
  • Possible triangle upside break negated with today's trade back below 1.3300. Market seems to have run out of steam between 1.33 and 1.34.
  • Lack of technical and/or trend signals here and elsewhere. Have thus taken a short trade in EUR/USD on assumption that we are nearer to a range top, perhaps even heading all the way down towards 1.2800 before we see a new meaningful signal. Stop close back above 1.3300.
  • Trade : Short at 1.3295.

1 comment:

Taichiseal said...

Stopped out +1.3303