Thursday, March 21, 2013

EUR / USD: 21/03/13 0945hrs

EUR / USD:

EUR / USD is in a down trend.

Chart below:

 

 
Price has broken down through the averages and I am looking for a short position on the pull back as detailed below.
 
Levels and Chart below:
 
1st Entry: 1.2915
2nd Entry: 1.2925
 
Averaged entry: 1.2920
 
Stop Loss: 1.2950
 
Target: 1.2770 (5%)
 
 

 
I will update again should the trade be triggered.
 
Regards
 
 
 
 

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