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Geithner technical reaction

Posted on March 25, 2009 at 9:47 in Market comments by David Aranzabal

Update: Eur is trying to reach the previous high (1.3650) but is having difficulties. Cable has broken the previous support (1.4540 level)

1m in Eur and Cable:
0.78 % Retracement after the initial peak. Price now consolidating. The fundamental bias is Up but we have to check the S/R levels. Your stop distance must be below 1,3440 in Eur and 1,4560 in cable, so decrease please your contract size.

Dollar tumbles after Geithner’s comments on global currency. Update

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President Obama said last night there is no need for a global currency

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Watch the latest session video review in HD (High Definition) !! . Press here.

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4 Responses to “Geithner technical reaction”

on 25 Mar 2009 at 10:24 am1j.j

David thanks good work
B.Regard
on 25 Mar 2009 at 10:40 am2David Aranzabal

j,j

Be careful to trade at this moment. Trade with smaller lot size because of the volatility. After a surprise like this, everything is possible, even when the main bias is up you could see the market going down in just minutes (actually now we are overbought)

Regards
on 25 Mar 2009 at 11:25 am3j.j

david thanks for the adv.
Regards
on 25 Mar 2009 at 12:38 pm4David Aranzabal

j.j
It’s a pleasure.
What do you think about the HD video reviews. Are they instructive for you? Any suggestions?

Regards

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