Forex Trading Signals

  • EUR/CAD - Buy @ 1.58 zone
  • EUR/JPY - Sell @ 130 level - Buy @ 120 or lower
  • AUD/USD - Buy @ 63 Zone - Sell @ 70 Zone
  • USD/CAD Buy @ 1.20 Zone - Sell @ 1.30 Zone
  • EUR/CHF - Buy At 1.46 to 1.48 zone
  • USD/CHF Sell @ 1.18 to 1.20 zone
  • GBP/USD - Sell @ 1.50 zone - Buy @ 1.34 zone
  • GBP/JPY - Sell @ 140 zone
  • EUR/USD - Buy @ 1.24-1.26 zone

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Wednesday, December 10, 2008

EUR/USD: Possible Short @ or near resistance of 1.30 area


The EUR/USD Pair has advanced in the last little while and given it's clearly defined lines of support and resistance in this current price action it may be opening a shorting opportunity. The resistance zone it at the 1.30 area and if it holds one could open a short with a good 100 pip stop to maybe catch some pips on the way back towards support zone. I'll be watching this pair for a confirmation of either breaking resistance or holding it and returning lower.

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