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EURUSD: Trading at an Important Level

If you take a look at the EURUSD daily or 4H chart it will look as if it was already rejected from the LT support level, but it hasn’t… yet:

EURUSD

EURUSD

I think it would be safer to start looking for long opportunities when the EURUSD breaks the 1.3927 for the upside (it’s pretty close though), only then I will be looking for long opportunities.

Trade Safe!
Raul Lopez

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This entry was posted on Monday, February 1st, 2010 at 6:28 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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