3/11/10

EURUSD ready to test supports


EURUSD is currently being traded in a sideways range and this has helped EURUSD to easy RSI and we might see EURUSD taking a dip below 1.3600 level and therefore traders will look to sell EURUSD around 1.3680 level for a nice move below 1.3600 level. There is currently a good support around 1.3540 and once EURUSD managed to break that, traders will be extending their profits to 1.3450 targets.

TRADE:

Sell EURUSD @ 1.3680 for Profit Level @ 1.3580 with Stop @ 1.3740



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