Week ahead (19 – 25.8.2013) – EURUSD

Last week 3320’s was a critical zone. We couldnt hold above and that turned to be a bearish catalyst for market which has sank as low as 32. So where are we right now? Market is trying to push higher but still without the conviction above 3410’s (weekly looks indecisive). Critical for the momentum from the beginning of the week would be a 33 level. Watch it for immediate reaction. If the market settles above and rejection is obvious, get ready gor fading and aim at 3350’s. On the other hand close below 3250’s would suggest a target of 3200.

Have a great trading week.

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