Sunday, January 25, 2009

EURUSD (1.2985)

EURUSD is looking to set itself up for another move towards 1.2700 level but we might see EURUSD tak9ng some retrace and rising above 1.3000 level before that. Look to sell EURUSD on rising to 1.3065 level for initial target at 1.2900 level.


Recommended Trade Levels

Trade: Sell EURUSD @ 1.3065
Stop: 1.3115
Profit Target 1: 1.2900
Profit Target 2: 1.2765

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