Update on Euro — $EURUSD $6E_F $$

2012-02-21_0654

I was expecting more intense price action in the European session. Still within range. I was expecting to see a run towards 1.3320-40, which never really happenned, being 1.3295 the highest mark.

– Increased level of short positions thru London session, compared to previous post is the important issue to point here. Provided those levels are sustained,we can expect further downside.

Since these levels change dinamically, do not trade off the chart above.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s