Confessions of a Forex Trader

Since last Friday that the EURUSD is trading in a bearish market condition, it was a little complicated to open a trade last Friday because when the EURUSD broke through the ST support level (which triggered the bearish market condition) the market was about to close:

EURUSD

Only short opportunities are in play in the EURUSD (all long opportunities will be ignored).

The next LT level is at 1.2559

Trade Safe!

Raul Lopez
http://www.straightforex.com/

Tags: EURUSD Analysis

This entry was posted on Monday, August 23rd, 2010 at 3:30 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.