Trade: Long EURUSD @ market (now 1.3505)
Stop Loss: 1.3430
Take Profit: 1.3600
Commentary: Day Trade Strategy. EURUSD has support near 1.3450 from 2 lows over the last couple of weeks. The 61.8 Fibonacci retracement support level (drawn on the uptrend from 03/01/2009 to 11/22/2009 [W1 chart]) is near 1.3480. This is providing a singificant amount of technical resistance and the Euro is once again stalling there. The risk to the Euro remains the troubles with Greece and […]