Last night I decided to go long this pair as soon as there was a breakout above 1.34. No other technical indicators or oscillators had to confirm this. The question now is, will the pair continue its uptrend towards 1.35? Looking at the chart I think there is a good chance it will. I'm keeping a close eye on this pair, soon entering another long position with a target of 1.3550 and a greater stop loss of 20 pips. Any input of where you think this pair is headed to?
Wednesday, January 19, 2011
EUR/USD broke through 1.34, is 1.35 next?
Last night I decided to go long this pair as soon as there was a breakout above 1.34. No other technical indicators or oscillators had to confirm this. The question now is, will the pair continue its uptrend towards 1.35? Looking at the chart I think there is a good chance it will. I'm keeping a close eye on this pair, soon entering another long position with a target of 1.3550 and a greater stop loss of 20 pips. Any input of where you think this pair is headed to?
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