Friday, March 18, 2011


Euro appears to be on track for 1.4295. Here it will find resistance from the long-term downtrend line coming in from 1.641 and 1.5144. However, immediate resistance is at 1.4165/75 and it may fall from there.

Support is at 1.4016, 1.3856, 1.3752 and 1.3526.

Here's the weekly chart:

© 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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