Thursday, 26 May 2011

EUR/USD DAILY FORECAST 26 MAY 2011


EUR/USD – HOURLY CHART
We are still in the bearish AB swing, currently at the 50, if we get a bullish cs at the BF786 we will long, else shorts only up at the 618/786.

SHORT: WILL ONLY BE GOING SHORT IF:
We get to the 618 and get a bearish cs formation. Trade this for 60 pips since it’s a 618, else higher at the 786, this will be a PT.

LONG: WILL ONLY BE GOING LONG TODAY IF:
We need price down at the BF786 and a bullish cs formation before we can look for long trades.

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