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Dollar Soar, Stock back in trading range

February 4th, 2010 Leave a comment Go to comments

Forex Trade

Dollar soar again yesterday. Luckly I still have short position on EUR/USD for long term. I still make a good profit yesteday, and I already covered some buy position today. It’s seem sentiment EUR/USD back to bearish mode. Some event & data I noticed to be influence the EUR/USD movement today are : Minimum Bid Rate (EUR), ECB Press Conference (EUR), Unemployment Claims (USD) and FOMC Member Hoenig Speaks (USD).

We have a support from last low @1.853 on EUR/USD. Can this support hold the downtrend wave of EUR/USD. I still prefer my last week view. Sell on any rebound on EUR/USD

Stock Market Trade

Seems the pattern broke out on Wednesday and the Market back to trading range again. I am not pretty sure about the movement of this market right now.

On daily chart, the pattern seems form a good rebound after correction. It usually continue the uptrend. But, i just feel the rebound seems not strong enough. I still scan my watchlist to trade for stock.

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  1. Forex Trading Software
    February 23rd, 2010 at 11:24 | #1

    Thank you so much for this info, your site is really valuable i will sject to my list

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