EUR/USD: we are in a range-bound market, ready to break out. As of my writing the break-out has a bullish pattern. We are looking to close @ 1.4365 or better, to resume an uptrend to 1.4406 first with 1.45-psychological level. Next resistance after 1.45 comes in @ 1.4565 followed by 1.4610.

On the downside, market return and CLOSE @ 1.4260 or lower will bring us first down to 1.4220 with 1.4175 to follow.

Strategies : trade intraday as per our 15-minute strategies until a TREND is resumed.

Lea in Forex Strategies | No Comments » on Monday, August 31st, 2009 at 10:01 pm.
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