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Bailout Approval an indication of Stability
Thu, Oct 2 2008, 02:33 GMT
by Anthony Samaha
ForexSurvivor
1 minute with ForexSurvivor
A. (02 October Asia) Latest Impact: Bailout Approval an indication of Stability
Markets stability is to govern as approval of $700billion rescue plan passed. Prices will start correcting from the beginning all levels that were screened since June aiming first at the 38% of the weekly retracement in euro at 13835.
Fundamentals and technical indicators will start to work back after being elapsed from the markets the last 4 months.
There is a final up-push in the dollar that may last till NFP consequences are digested and trend then resumes towards euro 150.
B. Signal
EURUSD: Long 13786; TP 10pips
Limit Order Valid till 03 October
C. Mission Accomplished:
n/a
Position(s) Closed
D. The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Published on
Thu, Oct 2 2008, 02:40 GMT
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