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Short EURUSD on the short term

Dear Reader,
 

The chart failed to break the 3736 point which makes me believe we are back to the original range.

Please find below my analysis and recommandations for the EUR USD for the short term:

04-Mar-10 EURUSD Levels Probabilities Pips Pips if Pips if fail Risk /
1:49 PM of touching from Spot break level to break Reward
SHORT TERM Strong Resistance 1.3736 75.2% 68 0 236 3.50
Moderate Resistance 1.3736 75.2% 68 0 235 3.47
Weak Resistance 1.3712 84.0% 44 24 37 0.86
  Spot 1.36685          
SHORT TERM Weak Support 1.3631 86.44% 37 197 44 1.16
Moderate Support 1.3434 32.45% 235 2 1 0.00
Strong Support 1.3432 30.90% 236 0 68 0.29
    E(p(Long)) E(p(Short)) Direction Take Profit Stop Loss Risk/Reward
    138 182 SHORT 1.36 1.37 0.46

Implied Probabilities are based on implied volatilties from FX options. I then solved BS for the strike and used it to make conditional probabilities of touching a certain level.

Enjoy your trades!

Remy


Disclosure: Short EURUSD