Thursday, May 23, 2013

EUR / USD: 23.05.13. 18:41HRS

EUR / USD:

EU is in a medium term up trend.

Price has pulled back to the 61.8% Fibonacci level and is supported above 1.2800

Chart below:

 

 
Price has today broken up through the averages and I am looking for a long position as detailed below.
 
Levels and Chart below:

1st Entry: 1.2900
2nd Entry: 1.2890

Averaged Entry: 1.2995

Stop Loss: 1.2870

1st Target: 1.3020
2nd Target: 1.3170



I will update again should the trade be triggered.

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