Monday, January 05, 2009

EURUSD Chart: a quick update from last wednesday's snapshot

It certainly wasn't exactly the easiest exercise to predict EURUSD over the New Year's break, but i did nonetheless give it a shot, and again i have to admit that i somewhat underestimated volatility on my Wednesday morning chart. I gave a recommendation for a low potential short which proved more than OK as EURUSD is now reaching its target on pivot level (Daily chart). AN OVERALL VERY GOOD TRADE !
It will now be very interesting to see where it will find enough support (probably around current levels) to then bounce back (the weekly chart still points upwards).

Obviously, this kind of report remains a little off-topic as it concerns mostly those who do run the toolset locally on their machine.

Happy trading,