Update:
No BUY/HOLD and/or SELL recommendations!
EUR/USD – The pair gained back against the U.S. Dollar on Tuesday, after European investors finally showed support to push quotes further up.
The pair overcame initial weakness to break July 20 high at 1.3015, reaching a new 10-week high at 1.3030.
At present, the pair just penetrated the FIB R2 level and currently being traded at 1.3039.
As I stated in my previous Trading plan the currency pair is aiming to possibly reach the 1.3100 level late in the day. (se below).
Meanwhile, the EUR/USD "HITS" the proposed price and triggers the ALARM of the aggressive entry of 1.3018 and I opened a position. Current EUR/USD price as I type this post is at 1.3039 up +21 PIPS.
Regards,
Efraim
'THE PIP DISPENSER'
--- On Mon, 7/26/10, Efraim Wielgus <efwi007@yahoo.com> wrote:
From: Efraim Wielgus <efwi007@yahoo.com>
Subject: MY SHARED EUR/USD TRADING PLAN FOR TONIGHT - MONDAY, JULY 26, 2010
To: efwi007@yahoo.com
Date: Monday, July 26, 2010, 11:34 PM
No BUY/HOLD and/or SELL recommendations!
EUR/USD - Back around 1.3000, pair extended its rally on Monday, as market attention has shifted to US negative economic outlook, leaving euro zone, and it's banking system conditions in the past.
Holding to early gains, hourly momentum is slightly bullish. However, a break above past week high around 1.3028 area, should signal further gains for current Asian session, heading towards 1.3060 first, and 1.3100 later.
Please check the news drivers associated with the EUR and tomorrow the USD.
Direction (LONG)
BUY 1.3018 S/L 1.2943 T/P 1.3030, 1.3060, 1.3073, 1.3100.
Regards,
Efraim
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