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Forex-Analysis for 09 September 2013

EUR/USD
After the euro on Thursday still had serious losses given the dollar, he could at least partially offset these again on Friday, however, but remained under the mark of 1.3200. The gains on Friday but were not due to a strong economy in the euro-area, but by disappointing figures from the U.S. economy. The data on non-farm Payrolls was well below forecasts and the USD declined on a broad front. More precisely, the values are indeed worse than predicted, but still show a healthy growth in jobs. This can also be seen in the unemployment rate, which has fallen from 7.4% to 7.3%.
Because there are no pending data of the euro-area today, the U.S. dollar could offset some of its losses today.

Long: > 1,3209
S/L: 25 Pips
TP:  45 Pips
Trailing Stop: 25 Pips

Short: < 1,3155
S/L: 25 Pips
TP:  50 Pips
Trailing Stop: 25 Pips

GBP/USD
The British pound was first recorded losses against the USD on Friday after poor data from the United Kingdom, could turn into profit after the U.S. data as well. Certainly its rate could correct today.

Long: > 1,5651
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 20 Pips

Short: < 1,5598
S/L: 25 Pips
TP:  35 Pips
Trailing Stop: 20 Pips

AUD/USD
The AUD could benefit from the election results in Australia. The conservative winner of the election have been relief for the economy, as announced the cancellation introduced by the Labor government CO ² tax. More accurate but will only show if a detailed government program exists.

Long: > 0,9230
S/L: 25 Pips
TP:  50 Pips
Trailing Stop: 25 Pips

Short: < 0,9165
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 25 Pips

The data for entry, S/L and TP are shown as a guide only and that is probably conservative. They can be adapted to the current market behavior and your own trading style.

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Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.