Forex-Analysis for 26 September 2013

EUR/USD
The euro was up again yesterday. This is mainly due to the, almost traditional, budget dispute in the United States. There are no important data coming from the euro-area. Today at 08:30 h the weekly numbers to the labor market and the GDP are published in the United States.

Long: > 1,3540
S/L: 25 Pips
TP: 40Pips
Trailing Stop: 25 Pips

Short: < 1,3490
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 25 Pips

GBP/USD
Data from the UK today come at 10:30 clock to made investment transactions and the GDP. Great support for the GBP is not expected here, due to the financial disputes in the U.S., it could remain bullish.

Long: > 1,6096
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 20 Pips

Short: < 1,6040
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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