August 1, 2013
- in Uncategorized by schooloftrade
Euro day trading strategy
Euro 60-minute:
The Euro is
trading sideways this morning after tumbling off the recent highs after the
FOMC report was released on Wednesday afternoon.
trading sideways this morning after tumbling off the recent highs after the
FOMC report was released on Wednesday afternoon.
Euro 5-Minute:
 |
| Euro 5-Minute |
We are
inside the trading-range from London, very narrow, and just recently we broke
to new lower-lows and we are anxious to see if this market personality continues
to be bearish.
inside the trading-range from London, very narrow, and just recently we broke
to new lower-lows and we are anxious to see if this market personality continues
to be bearish.
Don’t forget
to watch the Dollar-Index-correlation when you trade the euro. The negative correlation to the euro will be
very important, and if traders are reacting bullishly on the Dollar-Index after
FOMC news we know the euro will likely be just the opposite.
to watch the Dollar-Index-correlation when you trade the euro. The negative correlation to the euro will be
very important, and if traders are reacting bullishly on the Dollar-Index after
FOMC news we know the euro will likely be just the opposite.
