EurUsd
EU has turned up this morning but it is not adviseable to enter just yet. There are 2 places to enter EU, they are 1.5620 or 1.5520. Possible safe trade is to wait for EU to go lower than 1.5620 and make a stop order long @ 1.5620. It that way if EU actually goes up it will hit the stop order on its way up and hopefully a zero SL trade.
NzdUsd
NU is much like EU has turned up. Possible trade is long @ 0.7825. Wait for price to go lower and put a stop order long.
GbpChf
GChf has turned down. Currently not in a clear downward move. 2.0530 is entry for short. Preferably wait for price to exceed that level and put stop order short.
MONDAY MORNING FOREX BLUES
Monday, April 28, 2008
