Monday, October 12, 2009

EURUSD (1.4708)

EURUSD seems to have completed its due retracement and will look to
resume its upward trend.
Traders will look to buy EURUSD around 1.4690 level and in case it
takes a further dip, buying again at 1.4640 to average out both seems
a good option.

Recommended Trade:

Entry 1: Buy EURUSD @ 1.4690
Entry 2: Buy EURUSD @ 1.4640
Stop: 1.4600
Profit 1: 1.4760
Profit 2: 1.4830