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The Best Cross to Trade now

This report has been deactivated

10

0

EURUSD

Fri, Nov 13 2009, 06:24 GMT
by Rajoo C

Precise Trader


FREE 1 week Trial

Daily Reports (Trends, Precise Entry & Exit levels and Strategies) on 11 Crosses (USD Majors, USD Minors & JPY Crosses) and Spot Gold.

Best Cross - EURUSD

Market Insight

The  Hourly Trend is  Sideways Down while 14935-75  level holds. The Hourly Oscillators are  Bearish and ADX  is rising while the price is falling and the price is within the MA. On the 5 min is choppy but along the Down  Channel  and  the price patterns are suggesting lower and the upside should be limited to 14910-50 levels.

Patterns

The price is now in a consolidated mode and expect the price to break lower once 14815 gives way.

Today’s Strategies

We  prefer  to SHORT on rallies near 14935-75  with a STOP @ 15025  with a profit target of 14815-14790  levels. If the high doesn't go beyond 14910 then SHORT on the break of 14815 for a 14720 as price target.


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