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Forex-Analysis for 12 September 2013

EUR/USD
The euro benefited the moment from a larger risk appetite of investors and today some data from the euro zone be published. The most important data should be there at 05:00 h the European industrial production and 07:40 h the speech of ECB President Mario Draghi. The forecasts see a slight decline here. If these are exceeded, the uptrend against the U.S. dollar is likely to continue. The U.S. dollar, investors will work careful until the publication of the jobless claims, after the numbers in the last week were much worse than the predictions. These are exceeded today, the USD could turn the trend.

Long: > 1,3328
S/L: 25 Pips
TP:  45 Pips
Trailing Stop: 25 Pips

Short: < 1,3299
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 25 Pips

GBP/USD
From the United Kingdom there is no data today, except the auction for ten-year government bonds. The course of the pair its direction for the day probably will be seen only after the release of U.S. data.

Long: > 1,5838
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 25 Pips

Short: < 1,58059
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 25 Pips

AUD/USD
In Australia the numbers to reduce the employment crisis turned out worse than expected and the AUD has fallen significantly in Asian trading. This should be continued even if to a lesser extent.

Long: > 0,9273
S/L: 25 Pips
TP:  45 Pips
Trailing Stop: 25 Pips

Short: < 0,9248
S/L: 25 Pips
TP:  35 Pips
Trailing Stop: 20 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.