Thursday 23 February 2012

EUR/USD 23 FEBRUARY 2012



EUR/USD – follow me on twitter @fxdailyforecast
We are still short from 3272, and a second  position from 3227, limits set at 3200, stop bove the cs high of yesterday at 3276.

FOR TODAY:
Price is going sideways, and as mentioned yesterday, we need a break of either the high at 3292/3300, or the low at 3186 on a closing basis to give us some direction.

SHORT: WILL ONLY BE GOING SHORT IF:
No short setups, need more clarity, will wait for a break as mentioned above, until then stand aside.

If we don’t get the cs formations we are looking for then we don’t trade.

LONG: WILL ONLY BE GOING LONG TODAY IF
No long trade setups, will stand aside and see what develops, will tweet if something transpires.

If we don’t get the setup we are looking for then we don’t trade.

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