January 30, 2009 05:20

Forex Signal – EUR/USD Short Trade

By:

2-30-08

5:26a GMT – Per my signal yesterday I sold a sustained break of 1.3100 after the pair never returned back up to 1.3300 resistance. Bearish trend remains intact as resistance at 1.3385 remains untouched and the pair suffered good losses yesterday. RSI shows yesterday’s bearish movement is indeed real.

Trading Idea: For traders looking to enter a trade shorts could be reset at 1.3025 on a rise with goals down to 1.2800. If pair reverses course and breaks 1.3050 look for a challenge of 1.3180.

(click to enlarge)

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2 Comments on "Forex Signal – EUR/USD Short Trade"
  1. Reply
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    Comment left on:
    February 2, 2009 at 13:14
    Udo says:

    l want to know weather if you predict the movement of the market. Weather it will go the same direction through out that day

  2. Reply
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    Comment left on:
    February 2, 2009 at 23:15
    Wolf says:

    Hi there, the last 2 signals were just perfect!! ;)

    RSI is going lower and lower (fear of a reversal?), but it shows a good channel on the daily, take a look there ;)

    Best Regards,
    Wolf.

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