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- EURUSD
- GBPUSD
- USDCHF
- USDJPY
- USDCAD
- AUDUSD
- EURJPY
- EURGBP
- GBPCHF
- AUDJPY
- GBPJPY
- EURCHF
- FTSE
- DAX
- CAC
- EStox
- Dow Jones
- Nasdaq
- S&P
- BUND
- Bobl
- Schatz
- US T.Notes
Report date: 21/05/2013
* All times are displayed in GMT (London time)
Summary
BUY
Buy at the 7am open with a stop at 1.2861
| Resistance 3 | 1.2942 | |
| Resistance 2 | 1.2929 | |
| Resistance 1 | 1.2916 | |
| Support 1 | 1.2861 | |
| Support 2 | 1.2847 | |
| Support 3 | 1.2795 |
Last Update 21/05/2013 - 7:09am
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EURUSD – USD weakness across the board resulted in EURUSD breaking the sequence of 4 negative daily performances yesterday. With the intraday chart now posting higher highs and lows, the bias turns to the upside. However, this could be short-lived with the previous high at 1.2929 ‘lining up’ with a 261.8% extension level (from 1.2795-1.2847). Risk/reward is just ample to call a buy this morning. The call is Buy at the 7am open with a stop at 1.2861. The profit targets are1.2916 and 1.2929. A break of this level is unlikely but the market should focus on 1.2942The risk would be selling through a stop of 1.2861
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Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information. Hypothetical and simulated performance results do not represent actual trading, may not account for actual market factors and have many limitations. You may not achieve similar profits or results. No representation is being made with respect to performance, profits or results.Unlock this tab now!
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