Sunday, October 12, 2008

Open price for this week should be around 1,352. Because of holidays i advise not to trade on sunday and early hours on monday. I wont trade till tuesday when also some news from euro zone leaders with their decisions come out.

when price goes above 1,36 we can easily reach 1,38 and even 1,400 is not excluded. when price is bounced to these levels we will see another drop down to the 1,32 level and after that 1,12 is the limit, but a path to that levels will be a bit longer as this to the 1,32 level.
dont take short as soon as market opens, because we will see few pips on long side.

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