MoneyTec Traders Community Forum - View Single Post - US$ index to find support at 92 or fall through?

Paul Koszarny · 29-09-2003, 16:10

To Jasonjm and Currencia,

USDindex is intriguing in its components targets. For example USD/CHF has not stopped declines at 1.3279, a model level for the current slide. EUR/USD has already overshot 1.1555, a similar model target. This is a model week for USD/CHF and EUR/USD with volatility much higher than ever. Today I recommended
Sell USD/CHF at 1.3498, stop loss 1.3533, target 1.3279 which closed with +219pips profit. Then reversed at 1.3279 for 50 pips which has not materialized yet and the prospects look gloomy. So the support mentioned seems fragile.

Paul Koszarny

29-09-2003, 16:10	#3
Paul Koszarny Super Moderator Join Date: Nov 2002 Posts: 322 Downloads: 0 Uploads: 0 Rep Power: 0	USDindex To Jasonjm and Currencia, USDindex is intriguing in its components targets. For example USD/CHF has not stopped declines at 1.3279, a model level for the current slide. EUR/USD has already overshot 1.1555, a similar model target. This is a model week for USD/CHF and EUR/USD with volatility much higher than ever. Today I recommended Sell USD/CHF at 1.3498, stop loss 1.3533, target 1.3279 which closed with +219pips profit. Then reversed at 1.3279 for 50 pips which has not materialized yet and the prospects look gloomy. So the support mentioned seems fragile. Paul Koszarny