Sunday, February 14, 2010

Weekly Levels to be watched: FEB14-19

After a 3 week break from trading. I am back in the game ;)

EUR/USD:

Trend is my friend: Bearish trend trades only:
Short at: 1.3520 (1) and 1.3644 (2)
S/L 1.3565 (1) and 1.3665 (2)
T/P 1.3430 or lower depending on the situation

Support levels: 1.3584/1.3531/1.3425
Resistance Levels: Strong resistance at 1.3644/50 (Weekly fib level) and then
1.3705/1.3840/1.4000

USD/JPY:

I am bullish on the pair on the daily Chart:
I MISSED this opportunity in the recent relocation process. 88.50 up long

Dollar Index:

Double top on the daily chart: at 88.71
Support at 100 SMA and the level for me to watch is 79.77

I have been long on Dollar since it broke 78.17.

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