Daily analysis and trading strategies 8-31-10

September 1st, 2010 | Tags: , , , ,

EURUSD
Trading strategy: small short at 1.2720, stop at 1.2780(0.5% risk), objective at 1.2620
Support at 1.2650 is again under pressure as the euro failed to maintain its course, erasing most of last week’s gains. Next downside barrier comes below 1.2650 at 1.2590/05 which is also the 50% retracement of 1.1875-1.3335. Short-term …



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