Friday, December 19, 2008

EURUSD (1.4270)

EURUSD is currently taking retracement and seems to set itself up to resume its upward trend very shortly.

Traders will look to buy EURUSD around 1.4075 level for initial target at 1.4300 level.

The position can be averaged out if the dip extends to 1.3970 level.


Recommended Trade Levels
Trade 1: Buy EURUSD @ 1.4075
Trade 2: Buy EURUSD @ 1.3970
Profit Target 1: 1.4300
Profit Target 2: 1.4475

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