Wednesday 8 February 2012

long entered in EUR/USD pair.


I've just entered a long in EURUSD.  As we have observed other risk currency pairs selling off today inc Cable, as well as commodities and stocks; the EUR/USD pair has held ground and printed a bullish hammer on the hr chart above.  This is on re-testing resistance of the previous trading range.  With a tight stop this could be a good risk reward trade if the Euro can break out to the up-side!

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