October 13, 2008 02:41

Technical Analysis – EUR/USD Minding the Gap

Posted In: Technical Analysis
By:

10-13-08

2:26a GMT – The first thing I saw when I looked at my charts tonight was a huge almost 200-pip gap, indicating the bulls are going to have their way this week. Of course in today’s market anything can happen, but with Europe getting closer to unifying on a response to the global credit crisis, I think the bullish gap is a valid technical indicator. I will look to buy on dips between 1.3260 and 1.3345.

Trading Idea: look for bullish reversal signals on dips around support at 1.3345 and 1.3260 with longs favored to targets back up to 1.3795.

(click to enlarge)
free forex signal EUR/USD buying dips

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1 Comment on "Technical Analysis – EUR/USD Minding the Gap"
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    Comment left on:
    October 13, 2008 at 11:41
    Andre says:

    Of course in today’s market anything can happen!!!
    waiting position too …

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