Week ahead (16.9 – 21.9.2013) – EURUSD

After a great run on Monday, EURUSD got stock in a range. There came and extension of this range on Wednesday but did not produce any major move. So where are we right now? I would say the PA is bullish and as long we can hold above 3250’s, we might consider longs. Where would be best area to enter? Look for accumulation between 3300 – 3310’s. Once the twenties are broken strongly, there is a high chance we are going to print those new resistances again at 3400. Anything between 3250’s – 3200’s would be a neutral signal for me and I would need to see a character of the market.

Have a great trading week.

lechiffre
“Now” matters most! Your next trade depends on it.