Monday, August 12, 2013

EUR / USD: MONDAY 12/08/2013. 12:35HRS

EUR / USD:

EU has a double top formation at a resistance level.

Chart below:

 
Price has broken down through the averages and Pivot points and I am looking for a short position on a pull back.
 
Levels and Chart below:
 
1st Entry: 1.3325
2nd Entry: 1.3335
 
Averaged entry: 1.3330
 
Stop Loss: 1.3360
 
1st Target: 1.3180 (5% and previous support)
2nd Target: 1.3010 (10.5% and a big support level for this pair)
 
 

 
I will update again should the position be opened.
 
 
 

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