Daily Market Scenario & Strategy - Friday, January 08, 2010 (Setup -- Rolling 24-hour rates)
EUR-USD
Intraday setup + scenario:
1.4308* LAST (Rollover)
Preferred direction is for an attempt to move towards 1.4304 or 1.4284 - 1.4256 at first, while capped below 1.4340 - 1.4351 or 1.4356. Then a correction up to 1.4366 - 1.4373 or 1.4377/ 80 is anticipated. A clear break of below 1.4203 would be a bearish trigger again. Otherwise - only a breach of above 1.4447 - 1.4471 would be bullish again ...
GOOD LUCK!
Kind of unorthodox "Diamond Formation" to be observed
EUR-USD
Intraday setup + scenario:
1.4308* LAST (Rollover)
Preferred direction is for an attempt to move towards 1.4304 or 1.4284 - 1.4256 at first, while capped below 1.4340 - 1.4351 or 1.4356. Then a correction up to 1.4366 - 1.4373 or 1.4377/ 80 is anticipated. A clear break of below 1.4203 would be a bearish trigger again. Otherwise - only a breach of above 1.4447 - 1.4471 would be bullish again ...
GOOD LUCK!
Kind of unorthodox "Diamond Formation" to be observed