Euro just reached 1.4203, above Friday's high and above the 1.4165/75 resistance. Furthermore, Friday's close was the highest since January 2010—over 14 months ago. This fuels the Euro bulls. Let's see if they can keep it going today. 1.4287 is the next resistance and it's very strong. First support is at 1.4165, then 1.4147, 1.4044 and 1.4000.
© Dianne Fecteau, 2011. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.
My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog, you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.
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