11-26-08
3:26a GMT – EUR/USD bounced off 1.2800 support last night and rose quickly over 200 pips to 1.3060. The pair is still technically bullish in my eyes, though I am looking for good dips to buy on. Â Major caution on the charts is an overbought RSI, but there is certainly still room to a run and a few hours of loss will clear room for another long run. Nearest support levels are at 1.2950 and 1.2800.
Trading Idea: I am looking for the more conservative trade around 1.2800 support. Look for bullish reversal signals around this area with long targets favored toward 1.2950, 1.3050 and eventually 1.3200
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