January 9th Analysis - EURUSD - Sardar Uddin

USD Majors have moved sideways yesterday. Expect same kind of trends for today with some inclination towards weaker USD.

Outlook Long to Neutral

Fundamental Watch

Trade Balance                                GBP              4:30 am EST
German Industrial Production           EUR               6:00 am EST
Crude Oil Inventories                       USD               10:30 am EST
10-y Bond Auction                            USD              1:00 pm EST

Awaiting Feedback !!!        



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Views: 341

Comment by Unni on January 9, 2013 at 4:05am

I see more downside from the current level. if it breaks 3091 level, then I agree with your chart

Comment by Elric on January 9, 2013 at 4:09am

have the same chart counts as yours. reckon to long EU at 1.3062 if it's able to reach there. take note that if it breaks 1.3055 then most probably, bearish will win. anyway, nice count and im in for bullish side at the time being

Comment by Sardar Uddin on January 9, 2013 at 5:02am
Overall it will be a sideway day for EURUSD but I expect first leg to be long
- Sardar
Comment by Sardar Uddin on January 9, 2013 at 12:00pm
Yes it seem most of pundits are looking for short but as you mentioned there is some support for EURUSD which make me think more of a sideways move but NY session will certainly decide that.
Right now I am holding tomy guns let see how it goes.

Thanks for your feedback

- Sardar


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