+ 7 = fifteen



Forgot your password ?

31 JAN 2013 | Free Daily Analysis | EURUSD : RUN OF THE BULLS CONTINUES31 JAN 2013 | Free Daily Analysis | EURUSD : RUN OF THE BULLS CONTINUES

31 JAN 2013 | Free Daily Analysis | EURUSD : RUN OF THE BULLS CONTINUES31 JAN 2013 | Free Daily Analysis | EURUSD : RUN OF THE BULLS CONTINUES -->


G’day Surfers – how high can Euro go?

Yesterday’s Report

No surprises yesterday as EUR/USD continued it’s surge Northward, piling on another 100 pips. No way for us to put any of those in our a/c because our strategy calls for the “heat” to come out of the buying prior to entry. No pullback = No entry for us!

Technical Analysis

Well if yesterday EURO was overbought, today it’s REALLY overbought and in big need of some retracement. Such is the feeding frenzy however, the technicals appear to be currently insignificant. That doesn’t mean we change our strategy, again – NO Pullback = NO Entry. The Blue Sky above we spoke of yesterday still exists suggesting more upside but it’s way too dangerous under our strategy to ignore  the very stretched look that our Pivots are displaying. That DOESN’T mean we Short a rampaging Euro, it means we WAIT!
The Day Ahead

I need to see a mini crash to consider entering the market. The above technicals are screaming it to me. I need to see some previous Support/Resistance re-tested before I can get interested today. NFP eve may have a calming effect on the market though late Asia Session appears to be stirring for more action – my mind remains open – JUST.
High Impact News

USD Unemployment Claims
Trust your Thursday is Thoroughly Thrilling

Geoff Pyne  

CERTIFIED TRADER


G’day Surfers – how high can Euro go?

Yesterday’s Report

No surprises yesterday as EUR/USD continued it’s surge Northward, piling on another 100 pips. No way for us to put any of those in our a/c because our strategy calls for the “heat” to come out of the buying prior to entry. No pullback = No entry for us!

Technical Analysis

Well if yesterday EURO was overbought, today it’s REALLY overbought and in big need of some retracement. Such is the feeding frenzy however, the technicals appear to be currently insignificant. That doesn’t mean we change our strategy, again – NO Pullback = NO Entry. The Blue Sky above we spoke of yesterday still exists suggesting more upside but it’s way too dangerous under our strategy to ignore  the very stretched look that our Pivots are displaying. That DOESN’T mean we Short a rampaging Euro, it means we WAIT!
The Day Ahead

I need to see a mini crash to consider entering the market. The above technicals are screaming it to me. I need to see some previous Support/Resistance re-tested before I can get interested today. NFP eve may have a calming effect on the market though late Asia Session appears to be stirring for more action – my mind remains open – JUST.
High Impact News

USD Unemployment Claims
Trust your Thursday is Thoroughly Thrilling

Geoff Pyne  

CERTIFIED TRADER

Did you enjoy this article?
Share the Love
Get Free Updates
No comments yet.

Leave a Reply


− 7 = zero