Monday, 17 December 2012

EUR/USD update

A quiet day today so far, but EUR/USD is at a tipping point, major resistance at these levels currently 13160!

If it moves down then we can expect more swings and trading within a range 12900 13160.


If it continues to swing then the following are on my list for this week:

USD/CHF BUY
NZD/USD SELL
EUR/JPY SELL
USD/JPY SELL

If it moves upwards and breaks 13230, then we shall see 135000 very quickly, even over the Christmas period.

Look out for the signals this week, we could see some very large moves!!

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