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Thursday February 21st, 2008
Avtor / video objavil: PIPSTRADER
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2/21/2008 EUR/USD No Trade Comments: We need the EUR/USD to have a major retracement before considering a new long position. No Trade 2/21/2008 USD/CHF Short 1.1060-80 P/T 1.1000 1.0950 Comments: The USD/CHF is now trading above the main weekly and monthly pivots so we need to look higher for resistance to short. The weekly R1 pivot is at 1.1062 and the daily R2 is a little higher at 1.1074 acting as resistance. We also have the 50 EMA on the daily chart at 1.1082. 2/21/2008 GBP/USD No Trade Comments: The GBP/USD has bounced from the previous lows where it's forming a triple bottom, however, it has to get through the weekly main pivot at 1.9431 and the S1 monthly pivot at 1.9487 acting as resistance on the way up. We could short from these levels, but it doesn't give a great risk/reward situation since price will probably not break through the bottom support. Let's wait and see what this pair wants to do. No Trade. 2/21/2008 USD/JPY Short 108.60-80 P/T 108.00 107.50
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