November 3, 2008 04:23

Technical Analysis – EUR/USD Mixed Signals; Buying

Posted In: Technical Analysis
By:

11-03-08

3:20a GMT – The EUR/USD has a variety of mixed signals at the moment. In the long-term the pair remains bullish. In the mid-term (weekly) it is bearish and on the dailies it is starting to roll bullish again after last week’s bounce off of 1.2300. For the short term I am looking to buy dips preferably at support areas around 1.2650.

Trading Idea: Look for a dip to the 1.2650 area with longs favored on bullish reversal signals. Longs favored to 1.2900, 1.2995 and 1.3150.

(click to enlarge)

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