Wednesday, January 02, 2013

EUR / USD: 02/01/2013. 09:45hrs

EUR / USD:

This pair is in a mid term up trend.

Chart below



Price remains supported above the averages and pivot points.

I am looking for a long entry.

Overnight price has made an immediate higher high and during the London session has begun to pull back.

My orders and chart are below:

1st Entry: 1.3240
2nd Entry: 1.3225

Averaged Entry 1.32325

Stop Loss: 1.3195

1st Target: 1.3430 (5%)
2nd Target: 1.3700



I will update again should the trade be triggered.

Regards

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