FXstreet.com

Daily Outlook

This report has been deactivated

1

0

EUR/USD

Fri, Apr 3 2009, 15:23 GMT
by Dimo Dimov

Karoll


Elliott Wave Analysis

For more information and subscription to the full daily and weekly Elliott Wave analysis on Majors please e-mail to Dimo Dimov If you'd like to receive the daily updates for the US stock indices, please e-mail to anikolov@karoll.net

As you know I expected few days ago a fall of the euro to 1.2884. However the market has clearly shown that the direction is not down so I was forced to change my working count. The new one is presented on the chart and upon it the euro should be expected to be up from here. A confirmation of the presented idea will be above 1.3500. With an eye on this I entered a long position today.

Trading strategy: 10:08 EST; 15:08 GMT

Long position from 1.3402, stop loss - 1.3310, target - open

Trading strategy: 08:56 EST; 13:56 GMT

Buy at market (1.3402), stop loss - 1.3310, target - open

chart 8


Archive

  • EUR/USD
    Published On Fri, Jul 10 2009, 08:23 GMT
  • EUR/GBP
    Published On Wed, Jul 8 2009, 12:29 GMT
  • EUR/USD
    Published On Fri, Jul 3 2009, 10:32 GMT
  • USD/JPY
    Published On Wed, Jul 1 2009, 07:55 GMT
  • GBP/USD
    Published On Thu, Jun 25 2009, 14:12 GMT
  • [ View All ]

Karoll Financial House  | 57 Hristo Botev Blvd., 1303 Sofia
http://www.karoll.net/ | office@karoll.net

Legal disclaimer and risk disclosure

This analysis has only informational and educational purpose and does not represent a trade proposal.

Related reports

Market Session Recaps - New York Session by FOREX.com
Mon, Nov 23 2009, 22:12 GMT

U.S. Forex Market Commentary by GCI
Mon, Nov 23 2009, 22:10 GMT

Daily Recommended Trades - Short term outlook by InnerFX
Mon, Nov 23 2009, 20:05 GMT

Fundamental Currencies Comments - Stocks, commodities gain; Dollar declines by ecPulse.com
Mon, Nov 23 2009, 19:02 GMT

Intraday Forex Technical Report - U.S. Update: Gold keeps leading by FXstreet.com Independent Analyst Team
Mon, Nov 23 2009, 16:01 GMT

eurusd

View All

Related content

Forex: EUR/USD rises as dollar weakens on housing news
FXstreet.com | Tue, Nov 24 2009, 01:08 GMT

EUR/USD Current Price: 1.4964
FXstreet.com | Tue, Nov 24 2009, 00:20 GMT

Forex: Majors consolidate ahead of Japan opening
FXstreet.com | Mon, Nov 23 2009, 23:36 GMT

EUR/USD volatility to increase as the day unfolds
Forex Live | Mon, Nov 23 2009, 23:03 GMT

Forex: Dollar falls on Monday; Stocks rally in Wall Street and Europe
FXstreet.com | Mon, Nov 23 2009, 21:58 GMT

eurusd

View All

Interested in forex trading? forex brokerage firms!


ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
FOREX.com
Contact the broker/FDM
Open a demo account
GFT
Contact the broker/FDM
Open a demo account
IG Markets
Contact the broker/FDM
Open a demo account
Alpari (UK) Limited
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange 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 trade 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 advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.