Posted by millionaire | Sunday, April 05, 2009 | | 0 comments »


what going on euro?friday market close below previous day high but still flat in the small range contain in the rising daily trendline,do not forget the important point on the chart,use a simple strategy like before,while price above 1.3414 the best way we focus price to penetrate 1.3515 level where a solid closing candle above would bring euro/usd higher to test 1.3590 first.Only a closing candle price below 1.3415 should sink the euro toward 1.3330 as an immediate target.

candle resistance 1.3515,1.3590,1.3650
candle support 1.3414,1.3330,1.3285



Meanwhile,gbp/usd show a better performance,cable hit above 1.4800 failure level before and the market price closing above that level.While the price condition above 1.4800 we are now looking ahead 1.4980 as a nearest target,only 1candle closing below 1.4800 perhaps bring a retracement toward 1.4660 (23febuary high)as a nearest support.

candle resistance 1.4990,1.5113,1.5350
candle support 1.4660,1.4585,1.4481

honestly i said,i do not know how to give the best signal with the latest update coz im not the real signal provider,the best time to execute is the time u see and its impossible to let others know at the same time,so i prefer to update a chart with a significant point support and resistance and a little comment about the pair.hope this give u more ideas to plan your trade.

Do not trade if u know nothing about basic support or resist,normally i use support and resistance base on high low candle.The knowledge about chart pattern and candle formation make u sense a lot with the market.

*just my 2cent,all the best;)

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