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Tuesday, April 16, 2013

$EURUSD UPDATE : 16 APR 2013


$EURUSD MADE A LOW OF 1.3021 VS THE GIVEN TGT 1.2988 & BOUNCED SHARPLY - CLEARING THE WEEKLY RESIS 1.3118 & BREAK OUT PIVOT 1.3145 


FROM HERE ON THE PAIR IS HEADING TOWARDS SHORT TERM RESIS & BEST SHORT LEVEL 1.3344 UNTIL THE SUPP HOLDS GOOD @ 1.3130


RISK APPETITE TRADERS CAN BUY THE PAIR @ OR IF GET 1.3130 KEEPING STRICT STOPS @ 1.3065 FOR TGT 1.3344 , OTHER TRADER'S CAN WAIT FOR 1.3344 & TAKE SELL POSITIONS AS OVERALL TREND IN THE SHORT TERM (1-3MONTHS) LOOKS STRONG BEARISH 

LTP - 1.3190
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