EUR/USD Strategies on July 03, 2009

03:05 PM (GMT +7)

TF 30 mnt
EMA 5 already break upward EMA 20 and price action already touch EMA 66. These indicated trend will changed to bullish soon. RSI steady above 50,but resistant already formed as price action failed to hold bullish momentum, and there is reverse patern candle ( two previous candle).I have option to buy EUR/USD today, but I will wait more signal from smaller TF.

TF 15 mnt
This showed a similar pattern with TF 30, but more from TF 30, candle patern shows it will goes up soon. So I will check TF 5 mnt and let see what I can do for EUR/USD










Updatae : 03:25 PM
TF 5 mnt
It's shows me price action try to push 1.3978 but failed indicated by bullish candle that has now forming as a sign that price will goes up. So I decided to buy EUR/USD, I've got at 1.3999, my SL at 1.3769 an my target at 1.4049

* correction: my SL : 13969, sorry wrong type