hello every one ,,
EUR/USD
EUR/USD Strategy: Like reduced short position while below 1.3285.
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GOLD
XAU/USD Strategy: Square.
source link
http://www.dailyfx.com/forex/technical/article/forex_strategy_corner/2014/08/28/PT_AUG_28.html
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EUR/USD
- EUR/USD touched its lowest level in almost a year yesterday before rebounding off the 38% retracement (polarity) of the 2011/2012 decline in the 1.3150 area
- Our near-term trend bias remains lower in the euro while below 1.3285
- Support is seen at 1.3150 and 1.3125 ahead of a key action/reaction zone between 1.3085/50
- An important turn window is eyed next week
- A close over 1.3285 would turn us positve on the euro
EUR/USD Strategy: Like reduced short position while below 1.3285.
Instrument | Support 2 | Support 1 | Spot | Resistance 1 | Resistance 2 |
EUR/USD | *1.3085 | 1.3150 | 1.3185 | 1.3225 | *1.3285 |
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GOLD
- XAU/USD is struggling higher along the 2x1 Gann angle line of the year’s closing low
- Our near-term trend bias is lower while below 1321
- A close under the Gann line now at 1278 is needed to kick off a new leg lower in the metal
- A cycle turn window is eyed next week
- A move over 1321 will turn us positive on XAU/USD
XAU/USD Strategy: Square.
Instrument | Support 2 | Support 1 | Spot | Resistance 1 | Resistance 2 |
XAU/USD | 1263 | *1278 | 1292 | 1300 | *1321 |
source link
http://www.dailyfx.com/forex/technical/article/forex_strategy_corner/2014/08/28/PT_AUG_28.html
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