EUR Levels/orders for today

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EUR/USD has been very heavy all day in Asia. The weekend chatter about the problems in Spain and Italy continued (still … ).

EUR/USD ran into bids around 1.3480/85 but reactions higher were very limited … almost non-existent.  Price behaviour points to more selling to come, but it would seem the market may well have built some shorts during the Asian session so some sort of initial relief rally might be on the cards.

There are offers around 1.3520, bids around 1.3480/85.

Stops below 1.3475 and again below 1.3440.

EUR/JPY stops below 124.20.

 

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.

2013-02-05T06:21:45+0000

All|Europe|Forex Orders|Market Rumors

euro

Eamonn Sheridan

7 Comments

  1. Great commentator Eamonn. very straight forward..keep the great works…

  2. Thanks Jong, hope its helpful

  3. Thanks for the great work eamonn! you are the light in the forex morning:)
    hope some day someone will explain why the trio left the ship..have a good day

  4. Eamonn, you’re doing a great job. Thank you.

  5. Thanks Oliver

  6. Good analytic, thanks for sharing. I really appreciated, I need article like this for my better forex trading with my account at armada markets. I am still newbie in forex :)

  7. Hi Eamonn
    Thanks for the short and sweet comments.
    If I am looking to sell today, u think that to be a higher probability for intra-day?
    thanks
    darcts

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