Friday, July 22, 2011

Friday

Monster move overnight with EURUSD hitting 3 big figures.  A lot of money left on the table, but I should be thankful for getting over $2,000.  Quiet Asian session with some whipsaw in Frankfurt, we now stand at London between periods 3 and 5.

IFR has gone long at 4406, SL at 4300 targeting 4580.

Barclays says:
BarCap favors buying EUR/USD dips to 1.43-1.4280, or alternatively a break above 1.4460, looking for a test of the 1.4580 trendline. A break, and weekly close above here would target 1.47, possibly 1.4950. This bullish view is only damaged on a break back below 1.4180 says the bank. EUR/USD now at 1.4396.

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