A small range for EURUSD today between support 1.0712 and resistance 1.0800. Any rebound would be a chance to short.
Our plan for today:
(A) Short at 1.0843, for 40 pips.
(B) Breakout strategy, short below support 1.0712 for 25 pips.
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R5 1.1050
R4 1.0950 GOOD LEVEL TO SHORT
R3 1.0924
R2 1.0843
R1 1% 1.0837
PP 1.0800
S1 & +0,5% 1.0790
S2 1.0750
S3 1.0712
S4 & -0,5% 1.0671
S5 1.0655
S6 & -1% 1.0623 GOOD LEVEL TO COVER SHORTS
S7 1.0577
Our plan for today:
(A) Short at 1.0843, for 40 pips.
(B) Breakout strategy, short below support 1.0712 for 25 pips.
__________________________________________
R5 1.1050
R4 1.0950 GOOD LEVEL TO SHORT
R3 1.0924
R2 1.0843
R1 1% 1.0837
PP 1.0800
S1 & +0,5% 1.0790
S2 1.0750
S3 1.0712
S4 & -0,5% 1.0671
S5 1.0655
S6 & -1% 1.0623 GOOD LEVEL TO COVER SHORTS
S7 1.0577
Bavarian Trading FX