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GBP/USD.EUR/USD

6 Haziran 2011 Pazartesi , Posted by buRkAy at 19:01

Good evening.
As stated in yesterday's blog, I did not trade today but here are my observations on this morning's charts.

Cable.
24 pip overnight range.So nothing within the range to trade as it would be to tight. A break of support at 0825 could of been entered at 0835  but would of resulted in a small loss or break even on the retrace as it approached 0850 with news out at 0930.
Euro.
Overnight range.32 pips with a shelf at 4345 keeping you safe on the 0610 sell signal.The confirmed break of resistance at 0700 was not surpassed for another 45 mins so should really of been ignored.
I will be trading tomorrow so will update accordingly.

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