Monday, February 25, 2013

EURUSD: Resistance-Support Play EURUSD Trade
For EURUSD, its all resistance and support levels playing out. 

If the current support hold up. then we might see a move towards resistance level 1.33. While a break of support call for next down move to 1.3025 level. 

I plan to go long on touch of current support level around 1.3145.50 for a up move towards resistance level. My stop will be a H4 break of support level. On a daily close below this support level, I will go short for a down move towards next support level. 

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