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5 Jan 2015
Asian session sees volume spikes, Euro smashes through stop losses – Kshitij Consultancy
FXStreet (Barcelona) - The Kshitij Consultancy Services Team shares that the thin Asian session saw volume return after a long holiday gap, leading to a test of key technical targets with the EUR/USD pair smashing through stop losses to make a new low at 1.1861.
Key Quotes
“We have seen spikes in thin Asian session as the full-volume weeks returns after a long gap. The stop losses across the board were hit, and were retraced. Incidentally, lots of key technical targets and supports were tested. These unnatural rates offer a decent reversal points as higher volumes comes into the market.”
“Euro smashed through the stop losses in thin trades as it made a low of 1.1861 and Pound at 1.5180. We will wait for firmer trends with volumes.”
“These low points across the board signal a short-term buy opportunity with strict stop losses. These lower rates ahead of larger market gives better risk-rewards.”
“The Euro (1.1962) has broken below 1.20 on very thin trades. 1.2000 and 1.1800 are important supports - technical and psychological. It will be too early to take a call as 1.2000 being broken, we need to see the volumes pick up as today is the start of the full volume week after long holidays.”
Key Quotes
“We have seen spikes in thin Asian session as the full-volume weeks returns after a long gap. The stop losses across the board were hit, and were retraced. Incidentally, lots of key technical targets and supports were tested. These unnatural rates offer a decent reversal points as higher volumes comes into the market.”
“Euro smashed through the stop losses in thin trades as it made a low of 1.1861 and Pound at 1.5180. We will wait for firmer trends with volumes.”
“These low points across the board signal a short-term buy opportunity with strict stop losses. These lower rates ahead of larger market gives better risk-rewards.”
“The Euro (1.1962) has broken below 1.20 on very thin trades. 1.2000 and 1.1800 are important supports - technical and psychological. It will be too early to take a call as 1.2000 being broken, we need to see the volumes pick up as today is the start of the full volume week after long holidays.”