Thursday, January 17, 2013

EUR / USD: 17.01.2013 13:48hrs

EUR / USD:

EUR / USD is in a nice up trend, making higher highs and higher lows.

Chart below:


Price has recently pulled back to a previous support level and the 38.2% Fibonacci retracement.

Chart below:

 
Price has today broken up through the averages and a Long trade has presented itself.
 
I have 2 orders to buy EUR / USD as detailed below.
 
Levels and Chart below:
 
1st Entry: 1.3320
2nd Entry: 1.3305
 
Averaged Entry: 1.3312
 
Stop Loss: 1.3285
 
Target: 1.3447 (5%)
 
 

 
I will update again should the trade be triggered.
 
Regards
 
 
 

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