Monday, May 25, 2009

EURUSD (1.3996)

EURUSD is around an important level (1.4000). So far EURUSD has not been
able to break that level and thus we should expect it to take a dip below
1.3900 level. If the dip extends further below 1.3800 level, more
averaging opportunities will arise around 1.3750 level.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3880
Trade 2: Buy EURUSD @ 1.3760
Stop: 1.3700
Profit Target 1: 1.4030
Profit Target 2: 1.4130