EURUSD 6E Euro | Currency Futures


futures.io - futures trading strategies, market news, trading charts and platforms


Currency Futures


This subforum allows you to find traders that trade Currency Futures. You may post about anything to do with trading currency futures in this section




 

EURUSD 6E Euro

  #420 (permalink)

La Jolla, CA
 
Trading Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker/Data: Advantage, Trading Technologies, OptionsCity, IQ Feed
Favorite Futures: CL, NG
 
Private Banker's Avatar
 
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,828 received

Looking at a big picture, if there is some sort of agreement in the EU which will most likely be temporary, I could see a decent retracement taking place that could take price up to the high 1.30's to low 1.40's area. That would be half way back from the high from May and a relatively low volume area. Just seems like a good target if we're able to get above vwap. Counter to that thought, we could get denied at vwap or just simply continue to fall which should take us to around the 1.20's area. I guess it's going to come down to the debt crisis. With Italy and Spain being downgraded today, it sure doesn't help the situation so, maybe we get a run away further south from here.

Attached Thumbnails
EURUSD 6E Euro-2011-10-07-6e.jpg  
Reply With Quote
The following 5 users say Thank You to Private Banker for this post: