Wednesday, September 30, 2009

EURUSD (1.4570)

EURUSD is moving in a nice downward trend and it seems that it has
touched its target around 1.4550 level. EURUSD will try to break below
1.4500 level but a few rebounds are expected as 1.4500 seems a good
support at the moment. Traders might look for small Intra-day trades.


Recommended Trade:

Entry 1: Sell EURUSD @ 1.4615
Entry 2: Sell EURUSD @ 1.4685
Stop: 1.4735
Profit 1: 1.4550
Profit 2: 1.4500

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