Monday 14 September 2009

Message 52

Euro rose from the recent support area of 1.4520 to a new high, but importantly the daily close is belo the rsitance area of the 61.8% fib from the daily swing high / low from last year. Am watching closely and may enter a sell.

Other currency pairs I am wathcing together with price alerts I have set are as follows:

AUS / USD - trading in a range on the 3H chart, overall trend is long, so watching price at support area of between 0.840 - 60

NZD / USD - trend is long, looking to see a retracement to 0.6900-40 area.

USD / CAD - Looking for a potential short in the 1.0950 falling trendline area.

EUR / GBP - dowwad trendlin on daily, trading within a range on 3H, looking at a potential short in 0.8230 area.

USD / JPY - would consider a short at a higher price near the previous suppot line of 92.00

I'm watching all these area, but will monitor price action at areas mentioned and only pick A+ trades and not obviously going to expose myself to a high % of USD exposure...