Sunday, September 11, 2011

EUR/USD Signal 22-07-2011





Daily Outlook: Huge jump off the support line that we have been watching all week yesterday, and a nice hammer candlestick confirmation in CandlePRO right at the bottom at 1.4170 (and then a nice Three Inside Up the next candle at 1.4190):
Trading Idea: It is Friday and we will not be trading today (as usual) as we enter the weekend, but you can see the aggressive opportunities we would be tracking: a long around current price level around 1.44 as long as price stays above the rising trend support, and then a short on a sustained break below 1.4380.