10-24-08
2:40a GMT – EUR/USD continues to plummet, and as smart traders we will continue to trade with the trend, right? Right! Nearest resistance zones are at 1.3075 and 1.3250. We should be looking to sell rallies on bullish reversal signals at one of these levels.
Trading Idea: Sell at 1.3075 with short targets favored down to 1.2730. If 1.3085 is broken look for a return to 1.3250 and look for a selling opportunity there.
(click to enlarge)

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