Thursday, February 18, 2010

EURUSD (1.3573)

EURUSD almost touched its target at 1.3530 but was unable to break that level. We expect EURUSD to make another attempt towards 1.3530 and break that level which will also set its next target at 1.3400 level. Currently traders will focus on selling EURUSD on rise to retracement levels and sell EURUSD for a nice intra-day trade.


Recommended Trade:

Trade 1: Sell EURUSD @ 1.3585
Trade 2: Sell EURUSD @ 1.3640
Stop @ 1.3690
Profit 1 @ 1.3530
Profit 2 @ 1.3420