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EUR/USD struggling for clear direction

By   || March 11, 2010 at 10:46 GMT
|| 4 comments || Add comment

EUR/USD struggling so far today for clear direction. Presently at 1.3655, up about 10 pips from when I arrived nearly 6 hours ago.

Talk buy orders 1.3600/20, small stops just below.  Sell orders seen layered from 1.3670 all the way up to 1.3705.  Not sure where stops are, maybe small through 1.3710.

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4 Responses to “EUR/USD struggling for clear direction”

  1. simao4 on March 11th, 2010 11:06 GMT

    Hi Gerry; in my side i am short on this from 3626 and my target 3555, what you think?

  2. Gerry Davies on March 11th, 2010 11:15 GMT

    what do i think? not alot. longer-term i can still see it going lower. however in short-term i wouldn’t be overly surprised if we went higher from here. 1.3550 looks solid base to me for time being. .

  3. Raj on March 11th, 2010 11:58 GMT

    simao4, EURUSD has upper Bollinger band at 1.3727 on the daily chart. BBands act as resistance/support. I think, it is going to raise to that level and then reverse. So, if you have comfortable margin money, wait and see. If it increases much beyond that level, prepare to close the trade. Once you see reversal, you will safe.

  4. Tajul Akbar Bin Ismail on March 11th, 2010 12:08 GMT
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