Tuesday, December 16, 2008

EURUSD (1.3697)

EURUSD is currently looking to target 1.3870 level and from there it might take a little correction.

Traders will look to capture on opportunity by buying EURUSD on dips below 1.3600 level for initial target at 1.3700 level.

The position can be averaged out if the dip extends to 1.3475 level.


Recommended Trade Levels
Trade 1: Buy EURUSD @ 1.3580
Trade 2: Buy EURUSD @ 1.3475
Profit Target 1: 1.3700
Profit Target 2: 1.3855

No comments: