Tuesday, March 6, 2012

EUR/USD 6/3/2012 analysis by redFX

EUR/USD Daily Analysis by redFX


I notice in some chat room traders judge EU already OS (over sold). But for me EU still on bull track except breaking .1.299xx as 23.6% fibo line daily.

If EU can breaking 23.6% line it will triggering heavy down i think searching 1.26 area.
If this scenario breaking 1.299xx failed, EU gonna test back 38% line to ensuring future actions.

redFX trade plan:
i already selling from 1.34, so plan is hold selling and wait 23.6% break or not, if not breaken i will scalp buy for 38% test back :)

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