Hi ,
Trade Ideas For 02-09
Trade Idea EURUSD: Our prediction on Monday that 3680 would show good resistance proved true with EURUSD rebounding from 3688 to see lows of 3612 coinciding with our suggestion that 3620's would provide some support .(See 4hr Chart). A break of 3620 and 3570 should provide some support and below this 3542 and 3520/10 (especially), all possibly offering scalping opportunities. The best level to look out for lies at 3433 (see day chart) and should provide a good place for a long.Highlighting in the day chart indicates is a critical level. Longs from here have a good risk reward ratio. (See EURUSD charts)
Safe trading
Paul Simpson
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