Friday, January 30, 2009

EURUSD (1.2957)

EURUSD seemed to have completed its correction and has nicely settled back into its downward trend. Primarily it is looking to target 1.2800 level and after break of which EURUSD will look to touch 1.2600 level. Traders will look to sell EURUSD around 1.3065 level.


Recommended Trade Levels

Trade: Sell EURUSD @ 1.3065
Stop: 1.3115
Profit Target 1: 1.2865
Profit Target 2: 1.2765

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