Interestingly enough, the USDx has been toying its price swings above and below the 80.05/10 for the past couple of trading days. The indecision for a follow-through have been seen by traders as a lack of interest while awaiting for some fresh initiatives from the upcoming University of Michigan Confidence report and the two day meeting with the G20 leaders in Moscow. Eurozone GDP figures continued to show the signs of recession as the EURUSD declines further to this writing.
Currently, the EURUSD is @1.3333 and the USDx is @80.43 intra-day price from yesterday's candle bar signifying that such corrective move from yesterday's high still has potential to move higher. USDx trades are prefered for now, since the price parameters are more defined within the risk trades taken. And using the 80.05/10 as the pivotal price point, momentum and the volumes on a day to day session. As USD bulls would expect a better than expected confidence numbers today.
Pls. continue...http://megatrade101.com
MEGATRADE101.com - The Business of Making the Right Trading Decisions Beyond Charting & Price Action Analysis
No comments:
Post a Comment