interesting day

Today could be interesting, the weekly range not more than 300 point so it have some room to going north and i still keep in mind that 1.9800 level is the upper limit (range vs resistance). i think 1.9760-1.9775 area are the limit for today.

Strategy of the day:
-go long using MA 34 crosing after 9 am (european time zone). take 1.9670 as stoploss, 1.9760 as first target and 1.9775 as a second target.
-after he reach 1.9760-1.9775 area set for short pending order in 1.9700 place 1.9753 as a stop and take 50-100 pips profit.
-if he reached 1.9800 and hold on that area for about half or an hour then bullish could be setup for next week. unless the chart create triple top at 1.9800 it would be drop down for cable and if this happened....we should take a short in 1.9700.

Happy Trade

        :-)