Thursday, March 26, 2009

EURUSD (1.3582)

EURUSD seems to set itself up for a nice move below 1.3400 level and traders will look to sell it for anything above 1.3600 level. Even the long term traders will look to sell EURUSD and once it break below 1.3400 level, we will see them aimming for a quick move towards 1.4050 level.

Recommended Trade Levels

Trade 1: Sell EURUSD @ 1.3620
Trade 2: Sell EURUSD @ 1.3730
Stop: 1.3900
Profit Target 1: 1.3420
Profit Target 2: 1.3080

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