Monday, August 17, 2009

Shorted EURUSD at 1.4085 as the price meets the 20EMA on M15 which acts as a dynamic resistance level and the 0% Fibo level on H1 also acting as resistance. Stop loss at 1.4115 and profit target at 1.4015. As there is a support at 1.4050, will close out the trade if price fails to break 1.4050 for further downside move.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

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