Archive for September, 2009

9-20

Sunday, September 20th, 2009

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1.4600 to 1.4650 would be good entry to buy euro/dollar this week. 1.4600 is an excellent entry but 1.4650 is a little more aggressive entry.  Euro is going down now, but I do think it will retest 1.4800 area this week. No matter how much it is going down now, I do belive it will reverse and try higher levels this week. We are almost approaching month end, 1.4800 area is probably a big resistence area where Euro will not pass through this month, however short term direction is still up for Euro for now.

9-13

Sunday, September 13th, 2009

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Ideal entry to buy Euro is 1.4500, although this can go as low as 1.4450.  Anywhere is good entry to buy from 1.4520 to 1.4450.



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