Sunday, June 28, 2009

Short EUR/USD, 1/2 size 1.3995

EUR/USD break below 1.40, watching...possible breakout play

I may play a short EUR/USD on the break below 1.40...it's moving now but I'm trying not to get into the first suckers run. Want to wait for some retrace and then get with the program.

Otherwise, I'm watching for a long bounce around 1.39 for 25-30 points.

:)

Good Sunday Afternoon, Watch list for this week

USD/CAD & USD/JPY, as posted last week (see below).

EUR/USD 1.434

GBP/USD 1.622-4ish...big range in there.