Trade view /
11 minutes ago
Wednesday’s rejection of the 200/100-day moving average area extended modestly yesterday. But the weakness of the bounce was emphasised by a failure to trade through a Marabuzo line created by Tuesday’s decline. This limited upside leaves our immediate studies negative although new weekly lows in early trading are looked for to confirm.
Management and risk description
A move to 1.2863 means the stop can be lowered to break even.
Entry: sell in 1.2895/00 area and at 1.2917.
Stop: 1.2948 bid.
Target: 1.2863, 1.2842 and 1.2811.
Time horizon: intraday, ending 1500 GMT.
– Edited by Gayle Bryant
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