October 11, 2010 by USA Post
I’ll still give you my basic vision if the trend is up with us to meet strong resistance in 1.40. Most traders are short noise, and since the big boys will be left for tomorrow, which means that noise traders may actually be able to push the pair further down. That said, I did lean bearish on the day but enjoy the party today:
As always CandlePro users can check multiple pairs / timeframes for intraday candlestick signals and you should pay attention to news events on the calendar forex.
Strong support Daily – currently 1.3880, but higher
Support Gap – 1.3930
Strong resistance – 1.4000
If 1.3930 is broken look for 1.3880. If 1.3880 is broken look for 1.3800. Otherwise bullish signals the level of support should be good to re-challenge of 1.40
Please feel free to send if you have any questions regarding this post , you can contact on
Disclaimer: The views expressed on this site are that of the authors and not necessarily that of U.S.S.POST.