EURUSD
is at the weekly support point. FED is in the corner and will have hard times to further increase the interest rates. If ECB increases interest rates by 0.5 tomorrow, we will visit the weekly pivot point (1.062) and weekly first resistance (1.072). If they fail to meet the expectation due to Credit Suisse crisis now, we may see further drop to channel support (~1.04). Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Comment:
Dear passengers we are at the weekly pivot point. The passengers who will continue the journey, next station is WR1. Have a good journey!
Comment:
Still aiming to 1.07 but I would trail this with close stop. The momentum to upside wasn't strong.
Trade closed: target reached:
Well, it took some time but here we are. It seems that EURUSD is in band trading. We may see a visit to 1.053 again.