Few days ago I received lots of email that if European debt crisis responsible for correction in nifty future, I would say yes, European debt crisis has much to do with not only India but many other global economies. This crisis started after the Lehman brothers was announced bankrupt in 2008, soon subprime crisis began and real estate and banking sector has took the biggest hit. Recently 8 ... [Continue Reading]
Forex: EURUSD Technical Analysis on 29 July 2011, Sell EURUSD below 1.4295
Today's trading technical analysis for EUR/USD 29 July 2011, our advice to trade short (sell) in EURUSD below 1.4295 level for target of 1.4255 and then 1.4215 levels also place protective stop loss above 1.4315 zone. Why EURUSD is trading down : EURUSD pair has broke below the support of 200 SMA on 4 hour chart and we expect some more selling coming in this pair, as there was a news about ... [Continue Reading]