In reference to the post from yesterday <EUR/USD & USD/PLN current technical analysis> regarding USD/PLN I decided to replace the "stop los"s to "take profit" by lowering it to levels capable of producing a profit. Such a decision was taken to later in the week to quietly observe the market and possibly lower the take profit increase profits - chart 1
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| chart 1. USD/PLN M30, 2013-11-13 |
However, in relation to the EUR/USD, the market reached the level indicated by me. But not without temporary nerve namely the market decided to test the levels of 1.3400 before they reach the 1.3470. At present, trade was closed and I would not expect further strengthening of the euro against the U.S. dollar - chart 2
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| chart 2. EUR/USD H1, 2013-11-13 |
In addition, I would like to point out that the SP500 futures are currently at historic high, and this is the last straight before 7 - 9 percent correction. In the next few days I will present a current technical analysis of fSP500 with the possibility to start the correction according my opinion.
trade safe,
oscarjp.chrimatistikos
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