PRICE ACTION

PRICE ACTION

poniedziałek, 4 marca 2013

Near term EURUSD play
Possible strenght till 1,3050-1,3070
Depending on PA we can go futher from there to 1,3150, or come back all the way to 1,2965
Considering downtrending channel we can expect strong resistance around 1,3120-1,1365 - exact level  depends on time - how fast we can get there, if we even will.
European session rejected 1,2965 - not even reaching that level, the question is if  USA can push it up.
Today missed first possible short trade, but took long one after PA showed no further strenght to reach 1,2965 for a profit of 0,3%

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