3/2/10

EURUSD looking to continue its momentum


EURUSD seems to carry on its downward trend at the moment but the only thing that seems to slow down the dip is the low RSI but EURUSD is getting over it by taking reasonable retracements and this also is providing traders, especially intra-day traders with good selling levels. Currently a good selling level can be seen just below 1.3600 level and traders will be aiming to sell EURUSD for a dip below 1.3500 level. RSI is just above 40 and it seems that it will also support an extended dip by EURUSD.

TRADE:

Sell EURUSD @ 1.3590 for Profit Level @ 1.3450 with Stop @ 1.3670



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