Tuesday, April 16, 2013

EUR / USD UPDATE: 16.04.13 10:29HRS

EUR / USD:

Price has pulled back but once again my levels have been just missed.

The high of the pull back was 1.30555 (4.5pips) short

I have removed my orders to short EU

Chart below:



However, price has not responded as I would have like and it has not made a new low.

The USD currency crosses look supported just now and I am backing away from the short until a better patter is in play.

I would like to see a decent pull back a double top and then a break back down through the red line on the chart.

Chart below:

 
I will update again when the next strategy trade has been identified.
 
 

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