Friday, June 26, 2009

EUR/USD - Today pivot and resistance..



Alright... price grinding higher as I'm expected and now its dancing around today second resistance which stay at 1.4036, meanwhile today pivot is at 1.3960. From here 2 things will happen (I think)

1. Price fails around 1.4050 and start heading lower or..
2. From here, 1.4030/35 price maintain the pedals and go to test the earliest resistance at 1.4120 and 1.4130 level..

I'm favour the second one :) off course with risk management.

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