Red - High Impt, Orange - Mid Impt, Yellow - Low Impt

Forex News and Commentary by FXDD

Bloomberg On the Economy

Ashraf Laidi's Forex Articles

Live Chart

Friday, May 21, 2010

19 pips short EUR

 Another day of drastic up and down for EUR during Asia Timing. Market moved up almost 200pips and plunge almost the same amount in the late afternoon.

Despite that, the one hour time frame showed signs of reversing i.e. market is moving up. Wonder if the news of unsustainable US economy outweighs the Europe economy that is breaking down.

Nonetheless, grabbed 12pips short EUR. Grabbed another 7pips short EUR as market retraces to Moving Average.

Your trade results will show if you are doing what is correct or you are doing what you like

0 comments:

Post a Comment