Forex Analysis for 12th January 2015
Today just a few data will be published, but the could always be a news, which move the markets.
EUR/USD
The euro rose a bit above the 1,18 USD on Friday, since ECB Board member Hansson said on Friday a start of the bond purchase progrom by the ECB would be peoblematic before the Greek election on 25th January.
Long: > 1.1874
S/L: 22 Pips
TP: 35 Pips
Trailing Stop: 25 Pips
Short: < 1.1805
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 25 Pips
GBP/USD
Long: > 1.5190
S/L: 25 Pips
TP: 40Pips
Trailing Stop: 25 Pips
Short: < 1.5118
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 20 Pips
USD/JPY
Long: > 119.01
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 22 Pips
Short: < 117.93
S/L: 22 Pips
TP: 35 Pips
Trailing Stop: 22 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.
Risk 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.