EURUSD a sideways day 31 Aug 2009

Posted by Siwei at 10:21 AM Monday, August 31, 2009

Dear All,

expecting EURUSD to be largely a sideways day today.
There is the potential of a bullish breakout that would face rejection around 1.4320 where buyers may find support at the 1.4280 and 1.4250 level.


Else, with the lower volume during the European session, EURUSD would most likely stay within the sideways range as markets try to build in some anticipation for Thursday and Friday's New release.


Trade with a plan and avoid taking a position if the market doesn't move as planned.


Regards,
Siwei
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