| Global Interest Rates | |||
Australia |
7.25% | ||
Canada |
3.5% | ||
EMU |
4% | ||
Japan |
0.5% | ||
Swiss |
2.75% | ||
England |
5% | ||
US |
2.25% | ||
FXstreet.com (Barcelona) - The Euro has set a bottom, according to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, and a retest of the all time high could be ahead: "Basing against 1.5800 and closing above 1.5900 yesterday might add some much-needed bullish momentum for a re-test of 1.6020/1.6040 all-time high."
Concerning strategy, Elliott advices: "Attempt small longs on a dip to 1.5900, adding to 1.5835; stop below 1.5750. Cover longs between 1.5950 and 1.6020, re-buying on a weekly close above 1.6025 or a sustained break above 1.6050 for 1.6100 and then 1.6250."
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Every period of time I will post new forex strategy in this forum, you can test it and use it in your forex trading. Today's strategy is :
Bollinger...
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