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Mar
31/10
EURUSD Sell at 1.3498
Last Updated on Wednesday, 31 March 2010 08:40
Written by Ross Mullins
Wednesday, 31 March 2010 08:40

Trade posted to TAP at 8:58am ET. Sell EURUSD at 1.3498. Historical resistance at the 1.3500 level seen on the 1 hour chart prior to the previous high. There is also the .236 fib at 1.3500 from the last run down from 1.3536 to 1.3384. Looking for a bounce here back to 1.3480 then 1.3463. As always will lock BE once 20 to 25 pips of profit are seen.

EURUSD Chart Picture

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This entry was posted on Wednesday, March 31st, 2010 at 8:40 am and is filed under Trading Signals & Strategies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


2 Comments
  1. CommentsRoss Mullins   |  Thursday, 01 April 2010 at 7:40 am

    After spiking just above 1.3560 the EUR is now reaching into the expected targeted area of 1.3480 down to 1.3463. If you continue to hold this trade would look to protect profits. Look for the next break of 1.3460 to head back towards 1.3415.

  2. CommentsPatrick Patterson   |  Thursday, 01 April 2010 at 12:48 pm

    I took a sell at 3533 and then took par. 25 pips and left the rest at break even.


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