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 session…


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.…


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…


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…


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


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