September 14, 2009 05:01

Forex Signals – EUR/USD Risk Aversion Coming Back

By:

9-14-09

5:254a GMT – I hope everyone had a great weekend! They always seem too short.. Back to the forex signals! Last week we saw tremendous losses in the USD as risk appetite crept back into the market on news that US banks were once again hitting big profits. We saw US stocks rise a lot (to overbought levels in my opinion) and the dollar tank against most major currencies. Since then it has stalled out around resistance zone above 1.4600 and fallen back to 1.4520 levels. Under 1.4650 I am looking for risk aversion to creep back into the market as I don’t yet believe the fundamentals support all the rosy outlooks and for USD gains.

Trading Idea: Look for selling opportunities near resistance either at 1.4565 or 1.4620 with short targets preferred at 1.4530, 1.4480 and 1.4550.

(click to enlarge)
eu91309selling

Click here to receive my free forex signals via email
Click here for more info on how to use my free forex signals
Click here to learn how much you can earn with our Forex Income Calculator
Discuss this signal with me and fellow traders at the new Forex Discussion Groups

3 Comments on "Forex Signals – EUR/USD Risk Aversion Coming Back"
  1. Reply
    #
    Comment left on:
    September 14, 2009 at 13:00
    bboy1992 says:

    it sell until toworrow???

  2. Avatar of piphut
    Reply
    #
    Comment left on:
    September 14, 2009 at 13:08
    piphut says:

    bboy – not sure I understand your question..

  3. Reply
    #
    Comment left on:
    September 14, 2009 at 13:57
    Ash says:

    Yeah, I don’t even understand that…..I think what you want to know is that, Mark is talking about selling when it reaches a certain point. Like, sell when it reaches 1.4620.

    It’s just reached that point and I’m posting this message at 15:57 pm GNT time.

Leave A Comment
XHTML: feel free to use any of these tags.

LEGAL DISCLAIMER AND RISK WARNING

Foreign currency exchange trading is highly speculative and is suitable only for those who (a) understand and are willing to assume the risks involved, and (b) are financially able to assume significant economic losses. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Trading on margin can amplify both gains and losses in your account. Before deciding to trade foreign currencies, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading and seek advice from an independent financial advisor if you have any doubts.

All contents or information displayed or contained on Piphut.com are based on a number of assumptions which may not be fully disclosed or explained. Hypothetical trading or performance has many inherent limitations, including the benefit of hindsight and the fact hypothetical trading or performance involves no economic risk. Variables such as the ability to adhere to a particular trading program despite trading losses and maintaining adequate liquidity are material considerations that can adversely affect actual trading results. No representation or warranty is being made or given that any account will or is likely to achieve profits or losses similar to those displayed on Piphut.com. There are frequently substantial differences between hypothetical performance and the actual performance subsequently achieved by a trading program. You must exercise independent judgment when making investment or trading decisions. Past performance is not indicative of future results. Please read the User Agreement and Risk Disclosure Statement for more information.