Plenty for everyone.

Good Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EUR : Day & 60min Chart (Posted Below)

Long Term Trend = UP : Short Term Trend = Down

What a day !

A new President, another bank's shares collapsing and 214 pips available to cash in on from last nights blog. How did you do ?

I am sure most of you would have been tucked up in bed when the BOB appeared at 0400hrs in the morning.

After such BIG moves today in the market, do not be surprised if the market tries to take some back today.

Both the Day chart and the 60min chart are showing strong down trends, so let us not get involved in anything against the trend. On the day chart we can still see price between the two trend lines with perhaps support @ the lower line around 127500. If the market as said, takes some back we have resistance @ 13000

Stochastics are showing OB on both time frames with no false signals.

MACD has its line below zero on both time frames and on the 60min chart, the MACD line has crossed above the signal, indicating a possible change in the current trend.

Key news on the Euro tomorrow, beware !

Always do your own analysis before entering a trade and manage it once triggered.





























Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst