Salam and hi ....... Trading Range is between 1.5372 to 1.6250.
SELL Area : 1.6031 (First Target : 1.5863 Next : 1.5732) If fail to drop deeper CS may test back 1.6052 area. That mean as long as 1.5777 hold CS may rebound back anytime today. But if success to break 1.5777 CS may test 1.5500 area.
BUY Area : 1.6071 (First Target : 1.6164 Next : 1.6240)
As I told last week, CS fail to test 1.6700 area and lost it gas at 1.6661 (2009 High Price) Candle now is on retracement from the bullish movement and is testing the initial support at 1.5777. Please be alert on all reverse signal. Gold price is dropping and so do the oil price pluss the bad data from GBP.
Please use yellow line on H4 and also use Blue line. The CS is testing the blue line. Please use Fibonaci Retracement to confirm the target.
Let look what will happen next today. Until then good luck.
Allah Hu.
Monday, June 8, 2009
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Salam and hi fxworld, Trading Range is between 1.6187 to 1.6750 1. BUY Area : 1.6541 a. T1: 1.6600 b. T2: 1.6661 c. T3: 1.6750 ...
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Bryan Rich writes: The biggest victim of the global housing and credit bubble may be the euro — the single currency of 16 European nations. ... -
Salam and hi.... Trading Range is between 1.6100 to 1.6662 1. BUY Area : 1.6349 (TP1: 1.6479 TP2: 1.6515 TP3: 1.6629) If fail CS may d...