Monday, January 25, 2010

EURUSD - MARKET UPDATE

Its been an intra-day consolidation since the begining of market in asia to london and maybe NY will make a difference.

However, I will be explaining what i noticed on my chart. I think the EURUSD may be negotiating a bullish deal with the break of my RSI trend to the upside. To better confirm my uptrend i would wait for an entry ant the middle or lower bollinger band if the RSI trendline still in place. Aggressive trader can take a BUY with minimal lot size targeting 70-100 pip or the middle and upper band of the daily timeframe. stoploss should not go below 1.4000 zone.


Let's watch

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