Wednesday, February 20, 2013

EUR / USD: 20/02/13 06:35HRS

EUR / USD:

EUR / USD is in an uptrend

Chart below:



Price is supported by the trend line and by the 23.6 Fibonacci level from the last thrust move up.

Chart below:



I am looking for a long entry. My levels and chart showing the levels are below.

1st Entry: 1.3395
2nd Entry: 1.3385

Averaged Entry: 1.3390

Stop Loss: 1.3360

1st Target: 1.3540 (5%)
2nd Target: 1.3600 (7% Fibonacci extension and previous high)

Chart below:

 
I will update again should the trade be triggered.
 
Regards
 

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