Technical Analysis – EUR/USD More Selling

9-30-08

2:26a GMT – After booking 200 pips on our last sell signal we are looking for more selling opportunities, this time around resistance at 1.4555 (the 9/25 and 9/26 low).

Trading Idea: look for bearish candlestick signals around these levels to confirm trade. Shorts favored with targets at 1.4445, 1.4350 and 1.4300. If 1.4575 is broken [...]

Technical Analysis – EUR/USD Selling at 1.4750

9-25-08

3:26a GMT – My last signal was a buy at 1.4600. Close that for a 100-pip gain. The horrible housing data in the US actually gave some traders the glimmer of hope that a bottom is forming in the housing market. Plus Congress is actively discussing bailout options to loosen the credit crunch for home [...]