Tuesday, July 21, 2009

EUR-USD and US dollar index : new update





My 2 setup conditions to enter into a long trade in EUR/USD (=buy the euro and sell the US dollar) are now fulfilled:
1) US dollar index fell below 79.5
2) EUR-USD is above 1.4150: it currently trades at 1.4220 at 13:50 CET

I go long now in EUR-USD @ 1.4220 (on the Spot Forex market).
Always beware of possible fake moves though.

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