Friday, July 10, 2009

EURUSD (1.4025)

EURUSD seemed to have completed its retracement and is looking to get back
into its upward trend. Traders will look to buy EURUSD just below 1.4000
level and long term traders will like to take it into next week and we
might see a good sharp move ealier next week.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3980
Trade 2: Buy EURUSD @ 1.3880
Stop: 1.3800
Profit Target 1: 1.4100
Profit Target 2: 1.4200