June 13, 2013
- in Uncategorized by schooloftrade
Euro day trading strategy
 |
| Euro 60_minute |
The euro is
falling lower after the news here in the US from Jobless Claims and Retail
Sales came out bullish for the Dollar-Index.
We use the negative Dollar-Index-correlation to know that a strong Dollar-Index
means a weak Euro. As the Dollar-Index pushes
higher we see the euro move into a perfect price level for a buying opportunity
at the lows of the new bull price-channel.
We can sell-short for a higher-risk selling opportunity this morning,
but our money this morning is on buying the lows at support levels starting at the
trend line around 3320, the trigger-zone at 3285, 3259 and the price-channel lows
at 3240 area. If price can push lower
into the buy-zone at 3224 and 3178 that will also be ideal for a high-percentage
buying opportunity.
falling lower after the news here in the US from Jobless Claims and Retail
Sales came out bullish for the Dollar-Index.
We use the negative Dollar-Index-correlation to know that a strong Dollar-Index
means a weak Euro. As the Dollar-Index pushes
higher we see the euro move into a perfect price level for a buying opportunity
at the lows of the new bull price-channel.
We can sell-short for a higher-risk selling opportunity this morning,
but our money this morning is on buying the lows at support levels starting at the
trend line around 3320, the trigger-zone at 3285, 3259 and the price-channel lows
at 3240 area. If price can push lower
into the buy-zone at 3224 and 3178 that will also be ideal for a high-percentage
buying opportunity.
