Sunday 10 May 2015

EURUSD Positional Analysis 10-May-2015

CMP: 1.208
Resistance: 1.1400/1.1300

EURUSD: As long as 1.1400 resists, I expect to see big fall in EURUSD.
Downside targets: 1.1190-1.1170, 1.1060-1.1030, 1.0960-1.0930, 1.0860-1.0820, 1.0770-1.0730, 1.0660, 1.0465.

Trade Idea:
SELL EURUSD at CMP 1.208 or on rise with SL 1.1300/1.1400(max) for the above targets.