Forex-Analysis for 25 September 2013

EUR/USD
The pair has fallen back below the 1.35 and should exceed this again only with poor data from the U.S. economy.
The most important data from the euro zone today at 02:00 h the data to the consumer climate in Germany. After yesterday already, the Ifo business climate have been lower than expected, it could look like with consumers.
From the USA today at 08:30 h the data comes to consumer goods, and at 10:00 h the numbers on housing sales. The forecasts expect a positive overall development.

Long: > 1,3510
S/L: 25 Pips
TP: 40Pips
Trailing Stop: 25 Pips

Short: < 1,3445
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 25 Pips

GBP/USD
From the United Kingdom today are no data. The USD on Friday could offset some of its losses after the Fed decision and may continue to do so today. Overall, however, is more of a sideways movement expected.

Long: > 1,6025
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 20 Pips

Short: < 1,5949
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 25 Pips

AUD/USD
Also from Australia, no messages are expected if the newly elected Prime Minister Tony Abbott does not provide for a surprise today.

Long: > 0,9410
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 25 Pips

Short: < 0,9351
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. Also be reminded at the possibility to take part of the benefits in a positive trade.

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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.

 

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