Weekly review – 21 September 2009

21 September 2009 (14:40) | Journal | By: Colin McGinley

I was on holiday last week so no new trades were opened. I took an occasional peak at the charts but steered clear of any economic news and commentary.

My short from September 11 hit its profit target on the Sunday at 1.4528. I thought that the retrace might go back below 1.4500 but it ended up being a rather shallow dip. Sometimes luck goes for you.

I’m still long but I think we might have a slightly bigger retrace on our hands here. I’ll probably get an itchy trigger finger if we get down to 1.45 again or if there are no surprises out of Wednesday’s FOMC meeting.

EUR/USD chart - 21 September 2009

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