Posts tagged technical analysis
EUR/AUD – August 21, 2010
Aug 21st
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EUR/AUD
August 21, 2010

Current Price: 1.4218
Major Resistance Levels: 1.4270, 1.4360, 1.4500, 1.4590, 1.4850
Major Support Levels: 1.4170, 1.4130, 1.4040, 1.3910, 1.3500
Trade Plan: Short at 1.4183 with a stop at a break above 1.4414 (in case the parity does not break above 1.4414 before the short entry is executed). Our First target will be 1.3820.
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DISCLAIMER: This is a qualified estimation of the Market situation, which can prove, and has sometimes proven, to be incorrect. Trading in instruments involves high risk. Do not invest money that you cannot afford to lose. It is your money at risk, you must always invest it with prudence.