Unum Capital: FX Euro/US Dollar [Update]

Unum Capital: FX Euro/US Dollar [Update]

Dear Trader

Following last week Thursday’s short term peak at 1.1514,we now see the price trading at support. As of today (from the Asian trading session), the trend has also been lower and I am looking at a ultra short term intraday rebound. We may see the price slip below the support before reversing again – often referred to as a bear trap. On that basis, traders could look to take a short term, buy/long position in anticipation of a rebound. Please chat to the Unum Capital Trading Desk to take advantage of any trading opportunities and discuss the various trading levels. 

All the best,
Lester Davids
Unum Trading Desk Analyst
Tel: 011 384 2923

 

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