Rao Khassan's Blog – September 2012 Archive (4)

EURUSD: the day after FOMC

Good morning, traders!

I hope you've traded successfully during the US confrerence yesterday. Today this morning I see the following scenario on EURUSD:

Look at the resistance line, marked red on the chart above. It started from the spike of 1.2962 during US news, followed by maximum level of late US…

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Added by Rao Khassan on September 14, 2012 at 7:28am — No Comments

That's a low-volatility session...

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.…

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Added by Rao Khassan on September 13, 2012 at 11:10am — No Comments

EURUSD ahead of turning news

Hello traders,

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…

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Added by Rao Khassan on September 6, 2012 at 10:50am — No Comments

EURUSD on Tuesday, 4.Sep

Hi traders,

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…

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Added by Rao Khassan on September 4, 2012 at 9:53am — No Comments

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