EUR/USD Pre-market update

June 17th, 2009 5:30 am mylifemytrade Leave a comment Go to comments

As posted last night at 10.26pm PT, EUR/USD did keep melting up till it ran into resistance at 1.3930 and got rejected strongly.

2009-06-17-eur-usd-pre-market-update

Here is what the bigger picture looks like. 1.3760-1.3800 region is turning into a formidable support, and will not be taken out easily – which means that equities might sport a bounce here and the ES 903 (lows from the Tuesday night, Wednesday morning Globex session) might hold OR if breached, then they will be breached by a small amount only, i.e. ES 896-900 might hold for a day or two.

2009-06-17-eur-usd-pre-market-big-picture

Categories: Currencies Update Tags: ,


  • matsou
    Target for EURUSD 1.35 from looking at the HS formation on daily? What do you think? Would at least strengthen the USD so much as to give us a decent drop in SPX?
  • Correct. Check out my post from yesterday evening

    http://www.mylifemytrade.com/2009/06/update-on-...
  • dberliner
    I like your new blog, MLMT! Keep up the good work!
  • Thank you - I am also having a lot of fun putting it together. It keeps my thoughts and ideas organized in one place. Also, acts as my trading diary.
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