EURUSD--Bang On...for 20 or 45 pips..3rd of 3rd...Update-2

FX:EURUSD   Euro / U.S. Dollar
119 0 6
As per previous update-EU- 3rd of 3rd of 3rd..Update...It was mentioned that EU shall bounce from 1.1037 to 1.1085--to 1.1095 keeping below 1.1105(Key Level)...Safe movement shall be above 1.1063...well we got 20 pips ..EU makes recent session high@1.10839...& Took a U- Turn....It has also dropped below ..1.1070 mark ...we shall wait for 1.1037 to 1.1035 range to be broken for downside target below 1.1024 -low...Risky Traders can go short at current levels but have to keep strict stop loss-( 5 ticks above 1.1105 )...

Abhishek             H.Singh, CMT
Trade active: 23:50 Hrs--IST--18th July 2016---Current Price --1.1073...Risky Traders who have taken short in current zone 1.1073--1.1078...have to keep strict stop loss of 5 ticks above 1.1105...as going above 1.1110...Eu can jump sharply upside but unless that happens...we shall be looking for the zone 1.1005 ..to 1.1015 for EU to hold ...Once EU kisses the zone & takes U- Turn...Possibly ..It can jump to 1.1090--1.1100...as target zone...first a drop to 1.1005--1.1015 with strict stop -5 ticks above 1.1105...Regards, Abhishek
Trade active: 07:20 Hrs--IST--19th July 2016-- Good Morning & Welcome to Asian Session...Current Price--1.1068--From Overnight U.S. Session...EU has hardly progressed..in either direction..but still it is well below 1.1070--so we are keeping bearish stand open..& shall be more keen to seen swing low-1.1037 to be broken & confirming our bearish stand...apart from this if EU surpasses 1.1105 + 5 ticks ...Upside thrust could be seen..Risky Traders Have Taken Short in the range 1.1073--1.1078...Regards, Abhishek
Trade active: 14:00 Hrs--IST--19th July 2016...Risky Traders who have taken short at 1.1073--1.1078...EU had a sharp fall similar to India Nifty between 13:00 Hrs to 14:00 Hrs...Made session low @1.1049...jumped back again ...to 1.1072...I missed the update otherwise we would have taken the 30 pips fall & 30 pips rise back to back..like India Nifty...I am still bearish in EU...with key resistance & stoploss to be maintained 5 ticks above 1.1105 while taking fresh short..Let EU bounce between 1.1085--1.1095..Regards, Abhishek
Trade active: 17:00 Hrs-IST--19th July 2016--In a short while from now..U.S. Markets are going to open so that let us see EU slips to our desired zone of 1.1005--1.1015..Currently, It had impulsive fall from 1.1077 to 1.1024..similar low as of 3rd wave...Once we achieve minimum objective --we shall look for a corrective rally on upside --target shall be update later...but first let us book 60-70 odd pips in the range 1.1005--1.1015...Regards, Abhishek
Trade active: 19:45 Hrs--IST--19th July 2016--Current Price--1.1022.....Session low--1.1011....Bang On...We achieved our objective target zone --1.1005---1.1015....Let us be out ...We shall be planning to buy here in this zone of 1.1005--1.1020 for target back again to key resistance mark of 1.1106--1.1110...which is 61.8% of the complete fall from 1.1165 to 1.1011...Regards, Abhishek
Trade closed manually: Closed
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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