Wednesday, March 1, 2006

Euro To Swing Higher?

Can you foresee the Euro to trade at 1.23 level in the coming months?


[Read the comment]

Personally, I believe that today market will at least start flirting with the 1.1950 level which I think it's important. And I wish to confirm a breakout on the daily chart which was resulted by yesterday's committed market reaction. The support of this new breakout should be in the 1.1880-1.1900 region. As a short-term trader, I am willing to buy into any weakness in the price action in the next few days, hoping to cash in on the upswing movements.

Strategy: Long entry at 1.1900 - 1.1910 level

No comments: