Thursday, 11 February 2010

Unemployment Claims in U.S. Decline More Than Forecast:

The report was released more than an hour ago and it looks positive since the actual number is 440K which is lower than the expectation of 460K. Currently the currency pair EUR/USD is in downtrend position. Possible levels of 1.3655 could be seen in a few hours. I'd recommend strong sell at the moment. I will sell at 1.3650 and will expect downtrend to continue. The pair will probably test the zone of 1.3620-1.3630.

Comment: Position sold at 1.3608 (profit of 42 pips)