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Sunday, January 6, 2013

EURUSD INTRADAY UPDATE | PAIR MAY BOUNCE BACK STAY CAUTIOUS


EURUSD INTRADAY UPDATE

The pair is bouncing back as those who had shorted it earlier are booking profits. The weakness will continue if it trades below 12995. So our strategy for today is...

Sell pair below 12990 with a target of 12884. Keep stop loss above 13088.

On the other hand if it trades above 1.3088 then targets are 1.3290.

I request not to enter any trade in between 1.2990 and 1.3088.
Enter only when those levels are broken.

I will update if there is any change in plan. Keep checking or follow me on twitter @xperttrader2 for latest updates.

You can also add me on Skype  measoldier123

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