Where will EURUSD head today? Monday June 27, 2011

EURUSD is still in a downtrend under Kumo down, but a weak Bullish Tenkan Sen crossing from below Kijun Sen, below kumo clouds occur last Friday. From my analysis, it looks like a pullback upwards. Its Risky buying from here, but it all depends more on individual trading style. I suggest Selling with tight Stops atleast last Fridays lows, for a Continuous Selling activities.

Close monitoring on smaller TF's, M5, M15 for momentum. If it consolidates and less sell buy activities, stay away from Monday trading.

Just an analysis.

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