Tuesday, December 30, 2008

EURUSD (1.3954)

EURUSD is being traded in short range mainly due to low volume and this short range might stay for next few days as well.

Currently traders will look to sell EURUSD around 1.4122 level for initial target at 1.3822 level which can be extended to 1.3722 level.


Recommended Trade Levels
Trade: Sell EURUSD @ 1.4122
Stop: 1.4222
Profit Target 1: 1.3822
Profit Target 2: 1.3722

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