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EURUSD: Finally out of the range, longs in play

The EURUSD traded for nearly 2 months in an undefined trading range, where it was almost impossible to trade, or at least, I find hard to trade during those market conditions. But now, it broke the top of the range, please take a look at the next chart:

EURUSD

EURUSD

I see the EURUSD tradable again, after nearly 2 months…

My trading plan:

Will look for long opportunities, the next resistance level is around 1.4654.

All short trades will be ignored.

Good luck!

Raul Lopez

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This entry was posted on Monday, August 3rd, 2009 at 3:59 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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