Eur/USD signals

[luckyviva]

It's a mixed day for the pair and also have some important news releases slated for the day. Watch out and proceed with caution.

Buy on a dip to the 1.3620 level for 80 pips.

Sell from a pullback around 1.3730 (aggressive) or 1.3790 for 60-80 pips.

You can set a SL of 40 in all cases. These signals are basically for the intra-day traders and others can exit at much earlier levels having made a profit of about 20, 40 or 60 odd pips even.

[luckyviva]

Suddenly the sentiment looks 'bearish' with the Eur/USD, so we look to short options.

A good resistance is at 1.3653 and the support is at 1.3537.

Sell primarily from around the 1.3650 mark for 80-100 pips (taking a nice confirmation from the 1hr candlestick). Set a SL of 40 in this case.

And there isn't really an option to go long for intra-day traders, hence we back off.

(Note: Friday's short entry gave me a nice 111 pips that went as per prediction).

[luckyviva]

Suddenly the sentiment looks 'bearish' with the Eur/USD, so we look to short options.

A good resistance is at 1.3653 and the support is at 1.3537.

Sell primarily from around the 1.3650 mark for 80-100 pips (taking a nice confirmation from the 1hr candlestick). Set a SL of 40 in this case.

And there isn't really an option to go long for intra-day traders, hence we back off.

(Note: Friday's short entry gave me a nice 111 pips that went as per prediction)

[luckyviva]

Suddenly the sentiment looks 'bearish' with the Eur/USD, so we look to short options.

A good resistance is at 1.3653 and the support is at 1.3537.

Signal for 31 Jan 2011 Monday

Sell primarily from around the 1.3650 mark for 80-100 pips (taking a nice confirmation from the 1hr candlestick). Set a SL of 40 in this case.

And there isn't really an option to go long for intra-day traders, hence we back off.

(Note: Friday's short entry gave me a nice 111 pips that went as per prediction)