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EUR/USD - I will be organising short today - here is my set up and arguments ! alternative views welcomed ?

Posted by Aadil on September 8, 2010 at 5:15am

1. expect a fibonacci retrace after bouncing from key trendline support 2. Lower lows and lower highs resume 3. weak EU data and sovereign debt fear resurfacing will keep euro under selling pressure 4. weak equity market = risk off and euro will suffer the most 5. pending death cross = 50 MA < 200 MA 6. 1.26 support level inevitable
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Comments

  • Aadil September 8, 2010 at 8:59am
    euro short target hit

    + 70, + 60 , + 50

    over and out
  • Aadil September 8, 2010 at 5:30am
    also 4 hrs argument

This reply was deleted.