April 24, 2009 03:45

Forex Signal – EUR/USD Blowing Off Steam

By:

4-24-09

4:26a GMT – EUR/USD eased off some oversold levels yesterday as it accelerated upward through mid-term support and is now hanging around just below 1.3165. I think the pair has some more room to room and really get overbought before  a high probability trade can be entered so I am waiting for a pierce up to 1.3195, though depending on how this trading session goes 1.3165 might be a good entry point.

Trading Idea: Shorts preferred at good resistance point around 1.3195-1.3200. Targets at 1.3125, 1.3090, and 1.3050 for now.

(click to enlarge)
eu42409selling

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2 Comments on "Forex Signal – EUR/USD Blowing Off Steam"
  1. Comment left on:
    April 29, 2009 at 07:30
    michael says:

    i have not been receiving your daily signals and they have been very helpful.thanks

  2. Comment left on:
    July 11, 2009 at 17:57
    guna says:

    Just now i have joined your site and i am very much intrested.plz add my emial to your mailing list

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