Actually, unemployment claims data usually give big influences into the market. The influences can be a counter trend or boost current trend. Unemployment claims also can be indication for USD future.
Friday, December 7, 2012
Market Today : Euro-USD Dec 7th 2012
Based on my previous post, euro-usd failed to reach the peak and was going down after unemployment claim of USA. We can look at the picture, euro usd is passing below defense area. it tells us that bear trend is happening now. Based on the picture we can make prediction that euro-usd will make bear trend today (Dec 7th 2012).
Actually, unemployment claims data usually give big influences into the market. The influences can be a counter trend or boost current trend. Unemployment claims also can be indication for USD future.
Actually, unemployment claims data usually give big influences into the market. The influences can be a counter trend or boost current trend. Unemployment claims also can be indication for USD future.
Thursday, December 6, 2012
Market Today : Euro-USD Dec 6th 2012
After wednesday trading was finished, i realized that market bounced back after hit near peak and tried to break out in level 1.3120. Market condition in Dec 6th 2012 is still going down and touch area called "defense area" (i named it myself). in this market condition i still hold my position in buy because it has posibility to go up again to chalenge level 1.3120 for the second times. We will see wether euro get trend again or usd will fight back with some trends.
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