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11/12/08 Free Forex Signal - EUR/USD Selling Rallies
Join the forum discussion on this post - (1) Posts11-12-08
3:56a GMT - The EUR/USD finally broke through its triangle consolidation pattern and made a quick dash to 1.2500 which I have been predicting for weeks. On the latest stall I thought it was going to return to the top of the wedge but it did not. Now, the pair still is technically very bearish and a break below 1.2300 will make it even more bearish. In the short term I am looking to sell rallies.
Trading Idea: Shorts favored on rallies, most likely around the 1.2650 resistance level. Short targets favored back down to 1.2500, 1.2400 and eventually a challenge of 1.2300.
(click to enlarge)
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1 comment.
Technical Analysis - EUR/USD Still Selling Rallies »« 11/11/08 Free Forex Signal - EUR/USD Consolidation Pattern
Clement
Comment on November 12th, 2008.
Your specialization on EURUSD is really paying off.Keep up the good job you are doing on this site.God bless you.
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Technical Analysis - EUR/USD Still Selling Rallies »« 11/11/08 Free Forex Signal - EUR/USD Consolidation Pattern
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Trading currencies involves substantial risk and there is always the potential for loss—your trading results may vary.
PipHut.com and its author, Mark Norris, will assume no responsibility for the signals, results, trading strategies and any other information provided on our website and the use that any visitor will make of it.
Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some, or all, of your initial investment, and therefore, you should not invest money you cannot afford to lose. You should be aware of the risk associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Read the full Risk Warning here.
PipHut.com and its author, Mark Norris, will assume no responsibility for the signals, results, trading strategies and any other information provided on our website and the use that any visitor will make of it.
Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some, or all, of your initial investment, and therefore, you should not invest money you cannot afford to lose. You should be aware of the risk associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Read the full Risk Warning here.