Tuesday, September 28, 2010

Fundamentals Watch : GBPUSD

UK's GBP is about to be out in 20 minutes time. Will be going for the positions soon.

EUR/USD ANALYSIS

EURUSD has touched Lower Band and reopened with a green signal at M30 with the same confirmation on the H1 charts. ADX readings > 20 with a upslope have confirmed my position for a LONG at 1.3444 and TP @ 20 pips Using the 1 : 1 ratio, my stop loss has been set at the area of 1.3420 which is a few pips away from today's low.