Welcome to fenaghfx

This blog is not for specific trades,but to share my experience and what I have learned over the last few years, Trading involves significant risk and may not be suitable for all investors.

About Me

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I have been trading since 2008 in the fx market, trading mainly eur/usd my approach is technical,using support/ resistance .But always keeping one eye on the news

Wednesday, June 1, 2011

Mid week update

Following post from Sunday R1 held till news on Greece broke in Asian markets and price rallied, back into R2 where the 4440 line was tested by 6 pips and then fell back , Support should be in the 4350/4325 area, fundamentals at play this week , ie Greece, the odd 30/50 pip moves in 60 seconds, so extra care needed, Any Thing Can Happen At Any Time, Mark Douglas quote,tight stops Dave,

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