October 3, 2008 03:23

Technical Analysis – EUR/USD Rise then Fall

Posted In: Technical Analysis
By:

10-3-08

3:26a GMT – I’m still looking to sell rallies on the EUR/USD pair as another major level of support was taken out yesterday. I do expect some bounce back as the pair hits oversold levels. Next level of resistance on the charts is at 1.4000.

Trading Idea: look for bearish reversal signs and a failure below 1.4000 with short targets favored down to 1.3935, 1.3855 and 1.3755.

(click to enlarge)

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2 Comments on "Technical Analysis – EUR/USD Rise then Fall"
  1. Reply
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    Comment left on:
    October 3, 2008 at 08:54
    Praise says:

    Thank you for your continue email on technicals. Please how long does ur trade signal last when u send it. most time. i always saw ur mail when its already 4 or 5 hours later to ur predictions.

  2. Avatar of piphut
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    Comment left on:
    October 4, 2008 at 15:52
    piphut says:

    Thanks for your feedback. Signals generally last until something fundamentally changes (e.g. rate change, payrolls, Central bank comments, etc.). An easier (but less accurate) timing system would be to consider my signal’s advice for the day only. Remember, my goal is to help you find your own trading style, not just to mimic mine.

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