Wednesday, 23 November 2011
Market direction for 24/11/2011
Hello fellow traders;
This info is to guide you for tomorrow's trade, wandering how I got this info? That shouldn't be your problem. Between monday and tuesday, something like this happened and I thought it wise to get you informed on time.
At 79.34 - 79.63, the US Dollar index should experience a mild pull back; although this pull back may not have any visual effect on market direction; however, it pay to let you know.
We will experience a slight sell off on US dollar index from 79.63 to 78.00: this is a repition of what happened on the 12 of september market when USD resume its big sell off ====>>>> In FX, history are bound to repeat itself.
Only after this pull back we would see US Dollar index testing 80 - 81.00 if it is able to push upwards. If this happens, EUR/USD should be testing 1.3000 or lesser at 1.2980 ***** It is important to note that at 1.3125, EUR/USD can spike up with 200pips.
I urge traders to be very careful when EUR/USD is at 1.3140 >>>> if possible stand aside and watch the market conform its trend ====>>> This is my strong advise.
Tomorrow, we should be experiencing a slight friction on USD movement .... Stay informed.
Today trade result for my company and client was 600pips
Stay blessed and informed.
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