Monday, May 11, 2009

EURUSD (1.3632)

EURUSD has broken into a nice upward trend and is looking to break 1.3750
level during this week but before doing so we might see retracement
towards 1.3500 level and that will be the level traders will be looking to
buy EURUSD.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3500
Trade 2: Buy EURUSD @ 1.3360
Stop: 1.3300
Profit Target 1: 1.3700
Profit Target 2: 1.3750

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