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FX Levels for Today. August 6, 2009

Thu, Aug 6 2009, 02:04 GMT
by Abdul Khan

Income Generation Strategies


Overview

You have to be quick to take your profit off the table in this current market! Overnight, stocks weakened slightly, but the bears still failed to gain control, despite soft jobs data.

The EUR again found support around 1.4350 - the old resistance level.

AUS jobs data was better than expected today, continuing the give the AUD support

Please see below for today's trade ideas

For those interested, I will be presenting webinars for FX Street every Friday at 0500GMT. Hope to see/hear you there.

Data for Today

EU: ECB Meeting

UK: BOE Meeting

US: Weekly Jobless

Trades for Today

GBPJPY: Sell a break below 160.60

GBPCHF: Sell a break of 1.8015

Email for details regarding stop-loss and profit targets. You can also now get me on twitter at:

http://twitter.com/forexplus


Archive

Income Generation Strategies  | Level 26, Waterfront Pl. 1 Eagle Street, Brisbane, Qld. 4001
http://www.incomegenerationstrategy.com/ | abdul.khan@tricom.com.au

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