TheFxHammerReport: Euro/Usd: Sunday Oct 2nd

[thefxhammer]

Date: Sunday Oct 2nd 05

TheFxHammerReport: Outlook For Euro/Usd

Euro/Usd current position this Sunday night is: 1.1939

Looking for euro/usd to touch s/r point 1.1910 may be drop as far down as 1.1895/1.1887. Upon which a reversal in the market should occur euro/usd runs up 50 to 100 pips before hitting strong resistance.

Will update this post as the market moves into tomorrow morning.

Enjoy!

[thefxhammer]

Date: Sunday Oct 2nd 05

TheFxHammerReport: Outlook For Euro/Usd

Euro/Usd's current position is: 1.1952

If Euro/Usd can't break below 1.1910 reach s/r point 1.1895/1.1897 then without question Euro/Usd has started its short term reversal move back up will hit upper resistance at 1.1990/1.1997 ...

Enjoy!

[thefxhammer]

Date: Monday Oct 3rd 05

TheFxHammerReport: Outlook For Euro/Usd

Euro/Usd current position as of this posting is: 1.1914

Euro/Usd has finally hit s/r point 1.1910 nothing has changed my first second post. Continual to look for the currency to drop hit 1.1890/1.1895.

If you have the risk tolerance one could Buy @ 1.1898/1.1895 with an exit of 50 to 100 pips. *In the event euro/usd continues to drop just add to one's position at 1.1865 with a stop-loss for both positions of 35 pips (1.1830).

Enjoy!

Sorry I had to edit my post due to the fact I got confused between two of my trading systems. This particular trade does have a stop-loss unlike what I stated eariler. once again I don't actually recommend any one to place trades based on what I post. Also for me there is a difference between an Outlook a Trade Recommendation. This Euro/Usd post is an outlook where last night I posted a recommendation in regards to Gbp/Usd.

[thefxhammer]

Date: Tues Oct 4th 05

TheFxHammerReport: Euro/Usd:

the low of 1.1899 on euro/usd it did as the posted outlook stated. Euro/Usd ran up 50 pips to 1.1950 it still may run all the way back up to 1.2000 for a full 100 pips.

Enjoy!