lundi 16 juillet 2012

Charts to Start the Week 7/16/12


EURUSD
Not a good idea to look for buying opportunities, but rather wait for better levels to sell – if a correction is due.
Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell into rallies towards 1.2350-1.2400, targeting 1.2200 and below


GBPUSD
Cable is following EURUSD higher and first resistance to keep an eye on is around 1.5650.
Market sentiment: intraday – bullish, short-term – bearish
Potential trade strategy: to sell into strength at 1.5650, with an initial target at 1.55


I wish you all the best of luck,,,,,

One Love Brothers



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