Wednesday, December 23, 2009

EURUSD (1.4257)

EURUSD is looking to gradually move towards its target at 1.4185 level and we might see it doing so in a day or so. Although the trading volume is expected to become more and more thin as the days progress but the other factor which is holding EURUSD back is a low value of RSI and we expect to see EURUSD being traded in short range for the nest few days.


Recommended Trade:

Sell EURUSD @ 1.4295
Stop @ 1.4335
Profit @ 1.4190