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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)

Tuesday, June 8, 2010

Technical Outlook on EURO/USD, --TRADE SET UP REVIEW

The side-ways range bound has been ongoing for the past 3 trading days, and you should note that the Ichimoku cloud is getting wider and thicker, signaling the limited upside potential being controlled at 1.2050(this is the 50% Fibo Retracement between 1.2216 and 1.18676)
The break below 1.1876 (the recent Low) should accelerate the downward momentum to 1.1800, then 1.1639(The New Low in 2005/2006) .
Only above 1.2100 will signal a possible mild REVERSAL (Above the  Ichimoku Cloud),,
The short term/mid term Bearishness is still persist.

Propose to SELL EURO on Recovery Near 1.19800-1.2000
Protective STOP :60 PIPS
Target   :  1.1880 (Just above the recent low)immediate,,, then the remaining half balance trades should target at 1.1750 next ........







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