May 25, 2009 4:30 pm
Unfortunately, this trade got stopped-out at -45 pips/lot for a total of -180 pips.
The German IFO survey disappoints and North Korea's unexpected nuclear test failed to provide direction for the market. As such, I am staying in the sidelines for now.
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May 25, 2009 1:18 pm
BUY EUR/USD @ 1.4012
STOP – 1.3965
Limit 1 – 1.4042
Limit 2 – 1.4072
At about 4pm today (Manila), German IFO survey data comes out. Most analysts expect this to be positive, another sign of optimism in the Eurozone. When the Europeans start to wake up, I expect this pair to shoot up.
Proud and Hoping
15 years ago
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