Good morning, traders!
I hope you've traded successfully during the US confrerence yesterday. Today this morning I see the following scenario on EURUSD:Continue
Added by Rao Khassan on September 14, 2012 at 7:28am — No Comments
Previous two waves down on EURUSD had 3-wave structure - so we have no clear impulse for (significant) further sell. I watch closely 1.2913 level - if we get above this area, we can enter buys targeting 1.2950s.…Continue
Added by Rao Khassan on September 13, 2012 at 11:10am — No Comments
Alongside with you I'm waiting patiently for ECB decision and press conference. Here I post the 8-hour EURUSD chart. Though it's the simpliest you can imagine, it can give you 2 significant clues.
1. There's a resistance line, starting from the end of August, 2011. Its current…Continue
Added by Rao Khassan on September 6, 2012 at 10:50am — No Comments
We are past the mid-point of European session with relatively tight range at the moment. I have several points to watch closely:
1.2607 1.2612 as short-term resistance points;
1.2590 (!) along with 1.2585 1.2595 as supports.
The closest pivotal levels for today are 1.2587 and…Continue
Added by Rao Khassan on September 4, 2012 at 9:53am — No Comments