Tuesday, April 21, 2009

EU finds Support After ZEW Economic Sentiment Report


EU found support at 1.2988. What to do? Since the EU is in clear downtrend I will only look for short entries. I will enter half of my short if and when price reaches that upper trendline and will place my stop about 30 pips above horizontal support line at 1.3115. I have been trying to scale in recently. Also, notice the bullish divergence in the Stochastics.

No comments:

Post a Comment