Market Analysis

Fundamental

Technical

Futures

Central Banks

Forex Brokers

Trading Tools

More Tools

 

Trade Setup Update (Feb 8)

By:  
  • 08-02-2008
View Analysis Comments (0)
Previous Analysis | Next Analysis
Text Size
Print
Email
Add a Comment

The euro initially rallied back to 1.4550 before printing a new low of 1.4438 and the 1.45 handle has acted a resistance. Keep looking for a place to get long as price moves back down into support. Keep an eye at 1.4450-1.44 to establish new longs. We’ll most likely get a few chances at the trade so be nimble and ready to take action when the opportunity presents itself.

So far 1.94 is still holding on the cable. Watch how price reacts at this level going into the London session. If price pushes lower, I would start looking to put new longs on around 1.9350-1.93. I’ll send out an update if things change.

Happy Trading

Juan Saton

Share:
Digg
Del.icio.us
Next Analysis: Trade Setup Update (Feb 8)
Content Provided by:
gladiator smith -

Become a member and get 6 free Forex courses by OTA!

 
  • Charts
 
  • Promotions
 
 

 
  • Webmaster Tools
Economic Calendar
Interest Rates
RSS
Live Currency Cross Rates
Exchange Rates Table
 
 
  • Survey

How important it is for you to be able to save your chart sessions on our site?

Very important
Nice to have but not a must
Useless feature
What do you mean "save"?

 
ForexPros.com Newsletter
 

 
  • Sponsored Links
 
 

Special Offers: