Tuesday, March 31, 2009
April Fool Early Morning Short
Woke up at 8am, missed the Force 5 sell signal, but entered after it retraced. Nice short, TP at Monday fib level. In the H4 chart, EU showing it is continuing its downtrend after the gap filling yesterday and pullback to 38% fibo of the last week's swing low. Next support will be at 1.3100.
Today's strong resistance is at the confluence of Daily Open, Daily Pivot and 50% Fibo of previous day high low - 1.3255 area. Next Resistance would be at 1.3280 area with the confluence of Monday's High and Previous day 38% Fibo.