Posted by: joetradingplace | June 26, 2012

Forex Daily Analysis 26/06



I am bearish this pair, but  a move up to 2600 could be possible, then a drop down from there.


I am bearish this pair as well, but am expecting a push up to 1.0100 zone before we see a drop again


If the minor S at 1581.05 holds, a push to 1600 is possible


This pair broke our of the wedge, minor R held and I took a short position, now SL to BE, lets see if sellers are able to sustain price below 1.5835, if they fail, it will be a false breakout and I will start looking for longs, but for now its sit on hands


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