EURUSD is looking to set itself for a move towards 1.2600 level at the moment and selling on rise to 1.2810 level seems a good trade.
In case EURUSD extends its rise above 1.2900 level, second entry at 1.2910 will average out both positions very nicely.
The RSI is at 46 in daily charts and thus seems to have more than enough space to break 1.2600 level.
Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.2810
Trade 2: Sell EURUSD @ 1.2910
Profit Target 1: 1.2650
Profit Target 2: 1.2550
Sunday, December 7, 2008
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