Monday, June 27, 2011

Euro Update

EUR/USD is coming up on trendline resistance @ 1.4340
Stops may take it to 1.4380 - weekly R1
No need to be greedy, lucky ones who took the fearful positions away, should look into scaling out 1/3 here, with 2nd target being 1.4420 - 1.4450, and if trailing the last 3rd, the ultimate goal is 1.45 - 1.4550
Good luck and be on the lookout for Financial Armageddon II  :-)

this post is not a trade recommendation

No comments:

Post a Comment