EUR/USD Strategies on July 02, 2009

01:03 AM (GMT + 7 )

TF 30 mnt
From this chart, I saw bearish patern ( evening star ), tiny resistant formed on 1.4180 and strong one on 1.4202. Bullish power getting weak indicated by EMA 5 wich turn to curve to the bottom. RSI level : 63 , in my opinion will try to break RSI 50.And if it realy happen, I think price action will go down for more, to 1.4147 first ( try to break Parabolic SAR support)and if it could be break surely, will go more to 1.4114 this is my first support. And if it also break will go more to 1.4086 and 1.4045 will komfirm it change the trend to bearish

TF 15 mnt
It is match with TF 30 mt, I'd prefer go short for now. I've already take one short position, sell at : 1.4165, SL 1.4190 and TP at 1.4135. I also set pending order, Buy Limit at 14090 and SL 1.4040 with open target ( I will set it after it's executed)




UPDATE - 01:15 PM (GMT +7)
Now I am minimizing my expectation on EUR / USD because there are some heavy news, both from Euro and USA. I also decided that if on 04.30 PM (GMT +7) order I have not finished, I will canceling it, or if it's already execute I will find the best hard exit, whether if red or green

PS: I'm forgot to set my target, here is it my target : 1.4110. Forgive me for my broken english

UPDATE 2 - 04:48 PM (GMT +7)

My limit executed but seems like to risk let it flow with the market while market waiting for news. So I decided clear it, hard exit +6 green. I'll check latter in US market to make new entry if I could find nice signal.