Forex Traders Hit Profit Limit for 60 pips
Written by Britt Maras on June 30, 2009 – 3:49 pm -
Market Timing Trade Room Sells EUR/USD to Stifle Euro Bulls
Recent forex market conditions have been less than favorable but our Timing the Market Forex Signal continues to find favor with forex traders. I sense the eur/usd could be tipping into a bearish pattern and we still await the next entry.
I am looking for key resistance below 1.4100 in the 4060-80 level and I see bears targeting profits below 1.3990 towards 3949 to 3870’s or better.
The balance of trade this week could find less than normal atmosphere with thrashing or potential whipsaws. We hope to capitalize on the immediate technical structure and I will be open to trading either direction particularly if there is geopolitical or unscheduled financially related fundamental news.
We look forward to running hard the next 48 hours in attempt to capture any potential profits before Thursday night.
If you have not seen my personal interview please access the link below:
Britt Maras - Senior Currency Strategist
Tags: britt maras, forex market, forex signal, Forex Trader, market timing
Posted in Trading Signals & Strategies |