Chance for long Euro/Dollar in the beginning of last week is premature. However, this week may have a better opportunity to do so.
Try to find entry opportunity within 1.2525 -- 1.2590 with stop at 1.2490, target nearby 1.3000 or downside moving trend line indicated on attached chart in short term.
Also reference "10 - 27 -08 Euro/Dollar (outlook of long term)"
Either downside moving or upside moving for correction of previous long term movement, its initial stage movement is almost always sharp and furious. Sometimes, the following correction in reverse direction of the first stage can be very strong.
Reference Dow Jones Indus. Index movement before and post 9.11 for illustration.
(current downside moving is likely wave C of correction started from about 11700 level after 9.11 ---- 7200 level to 14000 level is likely a wave B of the correction)
Chance for long Euro/Dollar in the beginning of last week is premature. However, this week may have a better opportunity to do so.
Try to find entry opportunity within 1.2525 -- 1.2590 with stop at 1.2490, target nearby 1.3000 or downside moving trend line indicated on attached chart in short term.
Also reference "10 - 27 -08 Euro/Dollar (outlook of long term)"
本周将有较好的做多欧元的机会,尝试在1.2525 -- 1.2590寻找入场机会,止损1.2490,目标1.3附近,或下降压制线附近(见附图) 。
请参考"10 - 27 -08 Euro/Dollar (outlook of long term)"的帖子。
Either downside moving or upside moving for correction of previous long term movement, its initial stage movement is almost always sharp and furious. ...