SELL Area - 1.4233 ( My target is 1.4051. Further Fall then to 1.3900 area if break and open below 1.4051 on H4 chart)
BUY Area - 1.4273 ( My target is 1.4350 area)
MY PREDICTIONS ALERT FOR TODAY: TODAY OR THIS WEEK WILL BE CRITICAL TRADE WETHER CANDLE WILL TEST 23 YEAR OLD LOW AT 1.3500 OR WILL REBOUND BACK TO TEST 1.4985 TO TEST THIS YEAR HIGH AT 1.5372 RESISTANCE.
Trading range is between 1.4051 - 1.4603. The price is still in a consolidations movement from downtrend move from 1.4985 resistance on 9th. February 2009. If this consolidations continue and break 1.4051, candle may test 1.3850 area and from here it may test this year Low at 1.3500 area in few days. If fail candle will test back 1.4600 area.
Look at H4 chart - seem like the candle open below middle band and drop sharply to broke Mr. Pivot at 1.4253. Candle is testing the channel line and if break will test 1.4150 and then will test 1.4050 area.
Let see this happen and please don't forget your discipline and please trade on what you see. The Major Impact is at 5.00 pm and 9.00 pm Malaysia Clock. The major impact will continues until 3.00 am. Please be alert on all news and remember to set your target and if achive please stop because more votality will happen today.
Until then good luck and salam.
ALLAH HU.
News to follow:
Story By:
Brewer Investment Group
The U.S. Dollar finished the week close to unchanged against most majors as speculators remained on the sidelines while waiting for more concrete details regarding the Obama Administration’s banking rescue plan. The Dollar was looking weaker at the start of the week as speculators anticipated that the combination of financial stimulus and banking rescue plans would help lead the U.S. out of a recession more quickly and increase demand for higher yielding assets.
