From Daily FX
EURUSD: Stay Short Aiming Below 1.28
Strategy: Short at 1.3315, Targeting 1.2763
Weekly Profit / Loss: +387 pips
Total Profit / Loss: +408 pips
We initially sold EURUSD at 1.3315. Prices have taken out rising trend line support set from late August and closed below our initial soft target at 1.2969. We expect continued weakness and will now trail our stop-loss to the break-even level (1.3315) and revise our target to 1.2763.
EURUSD_Stay_Short_Aiming_Below_1.28_body_01072010_EUR.png, EURUSD: Stay Short Aiming Below 1.28
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