Wednesday 27 June 2012

Charts


EURUSD

So Im kinda getting interested in trading EUR up to the 1.27 area. She is finding support around the 1.2450 zone as marked by the box. Lots of wick in that zone and Im sure pinbar traders will be going nuts.
1 reason Im a little cautious at the moment is all those wicks make it and easy zone to target before heading up if she is gonna head up at all. Please dont make any mistake theres nothing I want more that to sell the EUR down to parity (haha) but at the end of the day Im a techincal trader and thats how Im reading the charts but as marked on the charts if she breaks through my support zone I will be hunting shorts.

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