Daily Observations: March 05, 2013
- Short EURUSD from 1.3035, Stop at 1.3080, Target 1 at 1.2965 (will add below)
Typical Time Frame: 1-day to 1-week
Recently Closed Positions:
- Closed Short GBPUSD from 1.5145 (1/2) at 1.5000 for +145-pips; net +70.
Markets are volatile, looking to take any positions in AUDUSD, EURUSD, and GBPUSD should the 8-/21-EMA system criteria be met. This morning, a Short EURUSD position was taken (via the DailyFX RTN) following the US ISM Services (FEB) report.
I also host a weekly Live Trading Q&A in DailyFX Plus, on Tuesdays at 07:15 EST / 12:15 GMT, in which I delve deeper into my positions and thought processes behind my analyses.
--- Written by Christopher Vecchio, Currency Analyst
To contact Christopher Vecchio, e-mail firstname.lastname@example.org
Follow him on Twitter at @CVecchioFX
To be added to Christopher’s e-mail distribution list, please fill out this form
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.