Welcome to my Trading Blog

Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Friday, May 14, 2010

EURO/USD now is Below 1.2500, what is next !!

The Euro/ Usd has just drifted below 1.2500 five minutes ago as envisaged. Further Freefall may continue as there is no sign of rebounce in the horizon. Next strong support is 1.2000. However, in view of the severe oversold status with Daily chart now shows RSI=25,and Stochastic below 10, we must be alert on the possibility of mild reversal soon, also in view of the prolonged major Sell Down.

My next target is 1,2350. Keep your position less & Light  , instill tighter Trailing  Stop  to protect your profit gains.

Happy Trading
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