Sunday, March 21, 2010

Week Mar 21- 26

Pretty busy week for USD, GBP and EUR.
Economic Calender at : http://www.forexfactory.com

EUR/USD: Pair moved sharply towards the major support levels 1.3500/ 1.3457/ 1.3434
On the down side Ill be watching a break of 1.3500 with targets set depending upon market sentiment.

GBP/USD: Big move above 1.53 level and a big move down. Now the pair is testing a strong support level after falling below 1.51.
Support at 1.4979. If the pair breaks this level and retests ill be short on the pair.
1.5062 resistance I am watching.

Dollar index: 79.51 double bottom/ support and 81.11 first resistance if the index can hold above 80.57.
Above 81.11 is 81.34 double tops and then 82.30 will be the next target.



My focus: 1: No mid candle entry.
2: Act on my edge's without reservations.
3.: Have fun.

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