May 1, 2009 03:56

Forex Signal – EUR/USD Approaching Support

By:

5-1-09

5:03a GMT – Got some good pips today off the bounces off 1.3200 support though gains were capped at 1.3275 resistance as traders continued to sell off overbought levels. Looking for more of the same today as I reset longs, though I will be looking at lower support around 1.3165 and 1.3125.

Trading Idea: Looking for bounces to buy near support at 1.3125 or 1.3165 with long targets preferred at 1.3245, 1.3295 and 1.3340.

(click to enlarge)
eu5109buying

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1 Comment on "Forex Signal – EUR/USD Approaching Support"
  1. Comment left on:
    May 1, 2009 at 08:14

    Hoping to make 50 pips today

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