FOREx EUR/USD 10 Sept 2008

EURO:-

Expectation on Tuesday that price would come up and test the breakout of Monday.

Once it hit the Monday's breakout level, sellers appeared pushing the euro down over 100 pips.

Yesterday my trades were based on trading up into the breakout, but no short trades were taken as it was after of my time zone.

Today:- Wednesday it's all about the brown filter either way :- above it after 11am and the bias is to push up into the 3-day filter once again.

Below it and i'm not sure how much legs price has got because it's already trading around the Weekly lows, so i'm favouring an up move again.

If it hits the 3-day filter:- expected resistance and if it breaks higher it will be during US trading hours.



  • All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
  • Exact levels shown for current day aren't confirmed until midnight GMT





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