PRICE ACTION

PRICE ACTION

środa, 30 października 2013

#EURUSD Wednesday 30.X


After quite emotional move up and down yesterday EURUSD spent a night between 1.3730-1.3750. Visible defence of 1.3730 will give the reason to think about longs. In our opinion 1.3752 and 1.3765 are good levels to try to open short positions (1.3765 – not right away – wait for signs of supply over there first). Even though EURUSD has potential to reach 1.3700 TP 25 pips SL 15 pips. In a second scenario take short after breaking 1.3730 to the downside – entry on retracment @ 1.3732 (+/- 2 pips).

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