EUR/USD Intraday Trading Report February 08, 2012


Update 1 (06:28 GMT): Giving away the long position at 1.3240 seems like a foolish move now as the price is rising further higher to 1.3300. There is a good opportunity to short at around the 1.3300 levels. The 100-day MA is at around 1.3333. A breach of that level in a convincing manner will alert the bulls.

Update 2 (14:37 GMT): The price is still moving along a tight range of 47 pips set earlier in the session. No positions taken as the price can swing either ways; it can move towards 1.3300 or towards 1.3280.

Update 3 (18:00 GMT): It is well past bedtime over here. I could not take any positions today due to the fairly tight range movement. I could have ended the day with marginal profits if I had held on to the longs from 1.3240 from yesterday.

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One Response to EUR/USD Intraday Trading Report February 08, 2012

  1. Pingback: Futures Trading Room | Best Futures Broker

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