2th February to 6 February 2009 Euro / USD

Posted by admin | Posted in Weekly and Daily Wake up | Posted on 02-02-2009

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Hourly (H1) -huge downtrend which at this moment dont have limit, were will it stop dont know, but once it stop look for bounce.

4 Hours (H4) -also downtrend but its possible that small bounce will start soon, so i suggest to take that bounce to go short.

Daily -yep its going to FIBO 0.00 which is around 1.2440

Weekly -magic downtrend line is 1.2490, will it hit this week? last week we say it will not hit it, this week we say it will hit 1.2490.

2th February

-look for lower position, try to grab a bounce or wait for highest level of bounce to go short.

3th February

-Pending Home Sales could bring dollar some power again. 15:00 GMT this alert will be active so let see if it will bring power to dollar.

4th Ferbruary

-rise over 1.3150 is expected

5th February

-unpredictable at the moment. Let wait for tomorrow

6th February

-go short because we think that trend to dow will continue next week.

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