4-24-09
4:26a GMT – EUR/USD eased off some oversold levels yesterday as it accelerated upward through mid-term support and is now hanging around just below 1.3165. I think the pair has some more room to room and really get overbought before a high probability trade can be entered so I am waiting for a pierce up to 1.3195, though depending on how this trading session goes 1.3165 might be a good entry point.
Trading Idea: Shorts preferred at good resistance point around 1.3195-1.3200. Targets at 1.3125, 1.3090, and 1.3050 for now.
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