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Wednesday, January 12, 2011


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

To discuss these strategies with other traders, please visit the Candlestick Forum

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