Wednesday, May 7, 2008

eur/usd Today will could be a huge day!



Daily of Eur/USD. As you can see, it is 4:07 am, and testing key support level. It doesn't look like there is any significant support until 1.4879. This is the move the world has been waiting so long for. A break of this level I would consider to be a reversal of the pair.

I am in the trade short right at the support level with a TIGHT stop. I did this because of the overnight momentum we experienced with prayers that it continues through this support with a vengeance.

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