Thread: EURo Trading...
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Old 05-11-2003, 09:29   #2 (permalink)
Nasnelle-FX
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EUR\USD...

The daily down trend slowed down for now, failing to break the 1.1430 support level. Daily charts shows overbought scenario now, and could mean that we are facing some kind of corrective action for the next session or so. This currency is still being in a bear trend. Note that we are not in a tradable scenario right now, as the market is trading out side the bear\bear trend line.

US data should confirm the strength and liability of the economic recovery.

Trade strategy will still remain at sell on up - ticks.

Good trading
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