Wednesday, September 16, 2009

EURUSD(1.4666)

EURUSD is moving nicely in upward trend and took a very nice
retracement. It seems to continue its upward trend and we might see it
taking out 1.4700 level soon. Currently trades will look to buy EURUSD
around 1.4630 level. RSI is at 71 and seems to have more than enough
space for EURUSD to move above 1.4700 level.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.4630
Trade 2: Buy EURUSD @ 1.4550
Stop: 1.4500
Profit Target 1: 1.4700
Profit Target 1: 1.4750

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