EUR/USD Strategies on July 15, 2009

04:03 PM (GMT+7)

EUR/USD - Time Frame 30 minutes

Bullish indeed, but candle said it getting weak, EMA 5 ( blue) already curve down that also indicated bullish lost power to goes up. In my opinion it's need a drawdown and I figure 1.4017 it's ok.If it's goes for more, I will re consider my 'bullish main frame'. So I've already set limit order(pending order) buy at 1.4020 and my target at 1.4100. My expectation EUR/USD will test 1.4136 today. I will set my Stop Loss later, I must check the price action first once my order executed.Nearest resistant at 1.4082 and next would be 1.4136, while support seems like at 1.4000 and the strong one at 1.3965.I will set my limit order until US market close, if it is not executed today, I will cancel it.


UPDATE - 09:32 PM (GMT+7)

I decided keep my pending order and now I'm make one entry and I've already sell at market price at 1.4105, my stop los at 1.4140 and my target at 1.4060. Time to go sleep.