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Monday, November 1, 2010

$EURUSD Intraday Analysis

Hello everybody,
As I said in my last article EURUSD should touch 1.4000 early this week, it can be seen it bounced off 1.4 and now is head through the south.
We have got a new trendline here and sellers beware of this trendline, I think this pair can rest little bit near the green ellipse in the chart and in case of breaking the trendline I will go short to see the pair near the red ellipse.

And just remember that this week we'll have Currency world war, so use tight stops in your trades.

Regards