Thursday, June 23, 2011

EURUSD Ichimoku Review


Where will EURUSD head today?

Based on my analysis at 8:00 am (+8 GMT) EURUSD price over kumo seems neutral.. but this breakout inside Kumo clouds may lead to either a long or a short movement.

By looking at smaller TF, such as M15, we can see a continous Bearish Movement happening there.

Since it happens during the asian session, its difficult to decide its direction atm.. until we see movements at Franfurt Open, and London Open.

I suggest, making a sell here, with stops at 1.4376 respectively. Buy is possible if smaller TF supports the breakout at H1.



By Radin Hisyamuddin - SFXT - More analysis by requesting email at radinfx@gmail.com