Thread: Sell Eur/Usd
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Old 22-05-2008, 07:52   #6736 (permalink)
rufffen
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Re: Sell Eur/Usd

Actually, Noor, if you look at USD JPY Dailies, you would see that price action is sitting at the top of downwards sloping channel, also it broke the line of the upwards sloping channel.

I would rather stay on the sideline and wait for a break below 102.20-40 and SHORT with SL 40 TP1 250, or wait for a better momentum to accelerate for the upside targets above 105.
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