Confessions of a Forex Trader

The EURUSD just broke through both: an important LT resistance level and an important ST resistance level, triggering a clear bullish market condition:

EURUSD

I will be looking for long opportunities in the EURUSD as long as it trades above 1.2602. All short opportunities will be ignored.

My next LT resistance level is at 1.2999

Trade Safe!

Raul Lopez
http://www.straightforex.com/

Tags: EURUSD Analysis

This entry was posted on Tuesday, July 6th, 2010 at 4:48 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.