Monday, August 1, 2011

Where will EURUSD head this week?

Is it a beginning of a Bullish Week for EURUSD?

Hi everyone. It had been a busy July for me. I'm back with some analysis, and entry tips. We will start with EURUSD.

By looking at H1, we can see a movement of 130 pips from TS over KS crossover below Kumo clouds. Though it was a weak crossing at H1 charts, it push the price further to 1.4413 level. For low risk entry, i suggest an entry here at 1.4400 buy, with SL 0f 1.4320

 It is important to look at smaller timeframes, depending on your trading style. We will see if 1st August, we can see 1.4490. With 3 bank holidays, Australia, Swiss and Canada, movement might be slow on 1st August 2011. Gap is possible.

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