Sunday, May 11, 2008

EUR/USD Quick profit


Eur/usd pair retraced over the last few daily sessions. Opening today only to hit and bounce off of resistance. This has been my favorite pair since last FED cut rate. Technicals on it seem to be playing out very well.

+50 points in less than an hour and still move to room. I decided to exit the trade at support because it was such a fast move. I will re-enter with a pullback, but, there is a good probability it continues down.

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