EUR/USD Strategies on July 08, 2009

07:45 PM (GMT + 7) EUR/USD TF 30 mnt

EMA 5, 20 and 66 already comfirm bearish , RSI below 50 ( bearish), Parabolic SAR give me same sight, 2 previous candle also comfirm that pull back already done and now ready to continue push lower. Resistant seems like formed at 1.3926 - 1.3938 area first and I've seen strong resistant at 1.3972 area.







TF 15 mnt
TF 15 shows the same things. So I'd prefer pick short this time. First support are today's low and if it's break,and steady, I think Eur/USD will goes to 1.3775. I will take short after TF 5 give me sign, and my opinion TF 5 will go up first. So I will wait if price could not break 1.3938 surely i will take one short






UPDATE : 08.13 PM (GMT+7)

Already sell at 1.3909, SL at 1.3944 and my target at 1.3839