Sunday, 17 April 2011

EUR/USD Sunday Chart



At the open we should see EUR/USD trend down to touch the 1.4400 level which is a big support. IF not then we should resume north until 1.4485, with resistance @ 1.4445 and 1.4458.

Either:
Buy @ 1.4435 SL 1.4425 TP 1.4485 INVALID

Or:
Buy @ 1.4400 SL 1.4390 TP 1.4423 VALID = - 10 PIPS

A break of 1.4390 gives way to 1.4365. Sell @ 1.4390 SL 1.4405 TP 1.4365 VALID =   + 25 PIPS

PROFIT = 15PIPS * $10 = $150


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