1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Signal Trader - EUR/USD Daily Outlook, Mar 9, 2011

Discussion in 'Forex Daily News & Outlook' started by SignalTrader, Mar 9, 2011.

  1. SignalTrader

    SignalTrader New Member

    Joined:
    Mar 8, 2011
    Messages:
    26
    Likes Received:
    0
    Technical Overview:
    Looking at the Daily chart, EUR/USD downward momentum has stopped on the critical support area of 1.385-1.386.

    Trading Idea: Best levels to enter LONG positions are between 1.385 and 1.387.
    Target is between 1.391 and 1.393.
    A break below 1.385 will be a strong SHORT signal.
    [​IMG]
    Analysis by Signal Trader – the leading solution for
    Automated Trading. Autotrade on Forex, Indices and Commodities.

    RISK WARNING: Trading foreign exchange (“Forex”), Commodity futures, options, CFDs and SpreadBetting on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.
     
Loading...

Share This Page