Tuesday, June 8, 2010

EURUSD Forex trading Asia open

Forex day trading pre Asia open levels of support and resistance. [caption id="attachment_898" align="alignleft" width="274" caption="eurusd forex trading Asia open june 9"]eurusd forex trading Asia open june 9[/caption] 1.2151 is the area of resistance for a maximum swing high.  If we get news that the Trillion dollars is delegated and the swiss are still buying euro, we could see the swing up. 1.2028-58 is a resistance zone where there will be fighting over direction.  Getting in before it enters here might save you the choppiness. Watch for 1.1985 area as this is where it will stall to either turn or break through the 1.2000 psychological resistance the ECB wants to get above.  This is a major hinging level for the next move down.  If we close above on an 8 hour chart support could hold, below we could be looking at next level down.  Extreme swing low of 1.1680.

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