The Single currency during the last week trading session found support at 1.3650 level and rebound strongly to the upside rallied to 1.3820 area. Immediate Resistance now lies at 1.3835-50 area, a failure to close above 1.3850 and close below 1.3770 handle indicates a strong bearish targeting
1.36** area.
On the Fundamental side of it,The ECB press is to be closely watch as it is the major report that will detect the direction of the single currency ..Untill then.. Do visit us for more Daily Market Updates....
Remember that the only holy grail is a sound portfolio management..Be a discipline trader, Never run out of patience and always have a plan before executing any trade.
Your Trading Success is my Joy.... Have a wonderful trading week ahead...
Sir Thanks so much...
ReplyDeletei use to found your Analysis very useful because it helps me to prepare for my own trading. I also have bearish Sentiment on EUR.
You're welcome...
ReplyDeleteJust be patience. Dont jump into the trade untill the direction is clear.
Always follow the trend.. Dont Leads...
I will post the entering, the direction and the target on wed/thurs..
Do check out for more updates..
Hmmm very Fantastic analysis its my First visit,i M not Very keen professional trader,i M just A learner,i ll surely follow the last tips which you mentioned in your Comment..That Always Follow The Trend don't leads.
ReplyDeleteYou're welcome Mr Qaiser..
ReplyDeleteSwimming against the current is a difficult task instead its better for 1 to be sidelined than to do otherwise.Some traders have a good trading strategy but they lacks the patience & Discipline to follow it..Nothing is constant in life only changes. Same scenario applied to the forex market..its a dynamic market which U must 2 be Dynamism & discipline enough to break it....
Trading during the RBA Rate & statement..... we are to post the currency pair & the direction upon which the effect of the News will impact.... Check us few minutes before the release for the trading Signal......Release time:3:30AM GMT.
ReplyDeleteRemain Blessed.
Due to the choppy price action, we did not pick any pair during the report.
ReplyDeleteWe expect that GDP due by 12:30GMT will have a great impact. else.......
no update For Today :(
ReplyDelete