Eur/Usd can’t get pass Daily Support because it’s too strong and is simply “Sliding” against it. Daily Support is very bullish as Monthly Resistance is right up at 1.337.
What I have learned about my Isolation strategy, is when there is Full Support and Less Resistance, the price seems to correct that ratio by navigating away from the Full Side and create more of the opposite barrier. Vice Versa with Resistance.
At the moment I assume that Eur/Usd is trying to Create Daily Resistance which will later on turn into WeeklyResistance.
Buy and set stops to 1.3275, and set limits to 1.337
Picture Below,
New blog post: 05/01/09 Eur/Usd “Daily Support Slide” Update http://tinyurl.com/dzjjao
This comment was originally posted on Twitter