EUR/USD Strategies on July 21, 2009

10 : 10 AM (GMT +7)


EUR/USD - Time Frame 30 miutes


Moving Price touch and stay hold above EMA 66 (red) wich mean bullish still hold. RSI moved very close in 50's area, where possibility retrace already reach critical level before it turn back moving up. Previous candle and current candle already two times touch EMA 5 (green) and Parabolic SAR, soon after those break, in my opinion price will continue up. Level to watch : 1.4223, 1.4234, and significant resistant is 1.4249. Downside,support seen on 1.4172, if break it will trigger deeper movement to 1.4149 and next 1.4095

From all of these, today's Idea is buy. So I already take one position buy EUR/USD by market price at 1.4208, I set my SL at 1.4168. I'm aimed 1.4308 as my target but I will recheck it latter.


UPDATE - 12:20 AM (GMT+7)

I loss my trade, - 40 pips. EUR/USD moved upward but fall before reach my target after Bernanke Testifies.I loss at three consecutive days on EUR/USD, and this is realy bad! I think I need a rest for fiews days on EUR/USD. Need for calm down. Time for go sleep.