Having EUR/USD this low as most other risk assets as commodities and stock markets I suspect that price will probably find support just ahead of 1.31 and most of the long term traders will look to buy in the 1.31 area with a stop around 1.3050 which is just below last Wednesday’s and Thursday’s lows and by the end of the tomorrows London session the market will be ready to bounce towards 1.33's levels with some resistance around 1.32.
- #631,225
- Apr 23, 2012 9:46am Apr 23, 2012 9:46am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #631,235
- Apr 23, 2012 9:53am Apr 23, 2012 9:53am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #631,240
- Edited 10:07am Apr 23, 2012 9:56am | Edited 10:07am
- | Joined Jan 2010 | Status: Trader | 1,012 Posts