Archive for March 27th, 2012

Trading a Failed Breakout on Euro

Trading a Failed Breakout on Euro

The chart of the Euro (EURUSD) today on the 1 hourly was as below: The Euro had a very strong day yesterday and when the market opened today, it was really watching to see if the market would break yesterdays highs at 13370 and continue upwards or fall. It's very tempted to buy on the break of the high but after such a strong move yesterday, any long entries would have been on a pullback for my liking. However, the price action broke above and demand was just not there for it to go any hi

March 27, 2012 No Comments Full Story