DailyFX Forex Forum | FX Forum - View Single Post - Discuss EUR/USD News with a DailyFX Analyst

		DailyFX Forex Forum \| FX Forum
Sidebar Wrapper

Thread: Discuss EUR/USD News with a DailyFX Analyst

View Single Post

#3413 (permalink)

03-13-2008, 10:29 AM

Q8FXjunkie Q8FXjunkie is offline

Member

Join Date: Jan 2008

Posts: 219

Q8FXjunkie is an unknown quantity at this point

Closed the 1/3 left of EUR long position.
Price action today seems to have set an unconfirmed top for the EUR with tomorrow being Friday might as well be ready to enjoy the weekend early.

with 1.5620 being that top, 1.5680 a series resistance still untested. Things will get choppy as it seems from here on. But USD/CHF was swift in its reversal seems like the best place to be long USD against.

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.