Archive for the 'Technical Analysis Major FX' Category

Euro Dollar hit 4-month low

This post is more of a test post than an attempt to post something of importance.

I have taken a small LONG Euro Dollar position because my analysis says that 1.4086 is an important point of support.

On the last swing from 1.5150 down to 142.50, the market rebounded 38%.

Now the market has hit a 38% extension at 1.4080. So I went long. Nothing big of course. The trend is down, but I suspect that I could get 50 points out of it.

I will now attempt to post the chart as well :)

posted by admin in Technical Analysis Major FX and have No Comments