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Wednesday, June 9, 2010

EUR-USD - Daily update: June 09, 2010


15 min chart:


Wow, look at that price action for the past 3 days, nicely in a range that is now narrowing. It took all of last night for prices to come to a squeeze (reaching the upper trading channel). Chart is saying to me that prices want to break to the downside, that is un-nerving for my long position, however just got to keep saying to myself that my trading idea is on a longer time frame. Hopefully I won't get stopped out today.


Won't be watching markets too closely today, going into NYC to meet Pat and the gang!


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Alexander LĂȘ
Managing Partner
Analyze Capital LLC
email: analyzecapital@gmail.com

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