EURUSD has moved back nicely into its dowward trend and this trend seems to extend well towards 1.2400 level. RSI in daily charts is also above 44 and have very much space for EURUSD to move towards 1.2400 level.
Currently a good selling can be seen at 1.2800 for intial target at 1.2650 level.
In case EURUSD rise above 1.2900 level, the second sell at 1.2925 to average both positions will be a very good opportunity.
Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.2800
Trade 2: Sell EURUSD @ 1.2925
Profit Target 1: 1.2650
Profit Target 2: 1.2560
Monday, December 1, 2008
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