Wednesday, November 23, 2005

Buy Eur/Usd at Dip

In a reaction to FOMC statement, Euro broke short-term bearish trend to trade as high as 1.1855 rallying from a low of 1.1685 and it is now settling at just below 1.1800 level. The market has so far been kind to me over the last two sessions as I managed to execute some good trades at price pullback. I am going to reenter (long) only if I see the price drops below 1.1760. Else do nothing and don't be tempted. The market always get you to think in the wrong direction.

Related entries:
Trade of the day: Euro

No comments: