Tuesday, March 28, 2006

Watchlist for March 29, 2006

The dollar erases losses to trade higher after Fed raises rates and signals more to come. Some new arising opportunities:

Potential swing trades:

Short
  • EUR vs USD (D1 resistance 1.2060; H4 resistance 1.2010) current 1.1998 (New - 2 hours ago!)
  • GBP vs USD (D1 resistance 1.7450; H4 resistance 1.7445) current 1.7428 (New - 2 hours ago!)
Since the downward trend are confirmed on both H4 and D1 charts, I am looking to add the above mentioned currency pairs at price pullback. I'll be aiming to sell again at the resistance levels.

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