Basing on Technicals, if no further IMMINENT INTERVENTION from ECB, coupling with the New Low on all Equity Markets (FTSE,DAX,CAC are all below 2%) in early Europe Opening, The EURO/USD may head below 1.2000, ..then 1.1500 next.
Traders please set up your trades accordingly....(NOTE : Please refer to my Technical Analysis on the EURO/USD FROM MY SUNDAY'S POSTING ....)
Reminder: BE AWARE THE INTERVENTION FROM ECB ANYTIME NOW, IF YOU ARE IN THE TRADES, KEEP YOUR PROTECTIVE STOP TIGHT AND IN PLACE, USE TRAILING STOPS TO MAXIMISE PROFITS,,,,,,,,,,...
HAPPY TRADING
The M5 Chart for EURO/USD is listed below :--
The M15 USD Index chart is as follow:-(Its multi years high at 87.60 !!)
NOTE: LATEST UPDATE
Some Unconfirmed ECB INTERVENTION TO JACK UP THE EURO IS IN PROGRESS SLOWLY... Now at GMT 14:30, THE EURO/USD IS TRADED AT 1.2330, UP FROM A LOW AT 1.2111 ALMOST 4.5 HOURS AGO....
And Euro Equity markets have swung back to black again now, DAX, CAC , S & P 500,..ALL SHOWS POSITIVE), FTSE WAS DOWN 0.5% due to BP (Share PRICE = ---14%) AFTER IT FAILED TO FIX THE OIL LEAK IN THE MEXICO GULF IN THEIR LATEST EFFORT.......
Now, at GMT 15:25, THE CHART FOR EURO/USD LOOKS AS BELOW:-
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