EUR.USD - Sep 03 - 2010 GMT - DiNapoli Levels Follow up
By Derek Ching
September 02, 2010 5:36 PM
September 02, 2010 5:36 PM
Posted in: Long Ideas, Short Ideas, Forex, Fast Money, Intraday Update, Markets, Movers, Trading Ideas
Results are in from my last post with further chart illustration and prior intraday posting on our EUR post at DLEVELS.net
As a follow up here to our posting above, at 6:00 GMT, price reached F3 (1.2781) support as above as the MACD predictor (blue line) approached before soaring bullish with nationwide HPI (housing price index) release for the U.K. as illustrated below.
Following the report for real retail sales, price dropped to meet support below at projected K confluence 1.2775 with the COP at 1.2773. DiNapoli traders would recognize the stop grab significance with a close on the 7:30 GMT bar above the MACD predictor.
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