After a short holiday and exhausting working conditions for several months, since the project i have worked has finished, i have free time trade daily and share my ideas of trades again.
My trading style has been changed and improved, i have started to scalp as well as my usual long term trading. Now enough of introduction lets get to the bottom of euro surge.
It seems due to brutal conditions in japan, fiscal cliff in usa, euro has become a safe haven. Does european leaders have reformed their fiscal system? No, actually euro is the worst of all but for at least towards next month, euro is BULL.
Its first target is 1.389, if 1.40 is broken within next three weeks, then it will target 1.49.
Daily is bull, my advice for beginners, is to check RSI figure in 15min diagram and hit buy for "20" pips whenever RSI hits 30, with tight stop loss points. It seems safe enough. For larger pips, risk is yours.
It seems the target is 1.35. SL is 1,215 for today. 1/2 risk reward ratio.
Optimal buy was 89, but long range traders may try longing it from where ever it is, towards 97,4.
This pair behaves strange and signals sell. It is risky, however it might be sold towards 1.209 with SL 1.255 on long term. Once reaching to 1.209 Eur/Chf will probably become a strong buy.
I have not opened any postion yet, however looking for scalp buys at eur/usd couple today. I do not want to open long term positions, after weekend i will open positions and post less risky positions on the page.
Have a nice weekend.