Wednesday, April 22, 2009

Euro update

Holding EUR/USD in my intermediate account. I have a hunch that the numbers due out at 04:00 e.s.t. tomorrow morning will not be good. I took a small loss in my short term, in case the pair decided to test higher resistance. No sense holding it in the short term account...

...but, as of now, we seem to be finding a lot of offers @ the 1.302 level.

In my intermediate account, I am going to tighten the stop loss here. If the numbers are worse then expected, I probably won't have to worry about a whipsaw. If they are better (which I doubt they will be,) the Euro will head north.

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