12-04-08
4:16a GMT – After yesterdays bear signal the pair did proceed down nicely to 1.2575 so I hope you were able to book some profit off of that. Shortly after though the pair skyrocketed almost 300 pips to 1.2845. The pair has since found sellers and settled down in the 1.2765 area. Technically the pair has made a higher high while bouncing off of existing support so I am now looking to buy dips and go long for the day, preferably around 1.2700 or 1.2675 support.
Trading Idea: longs favored between 1.2700 and 1.2675 support area with targets back to 1.2765, 1.2825 and eventually a challenge of 1.2955.
(click to enlarge)
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