Monday, March 4, 2013

EURUSD Trade Plan EURUSD Trade Plan
I posted this chart few days ago. Previous post [here].

Support-resistance are playing out nicely.

Price has broken below the lower support and looks bearish. Since it broke support in thin markets of Friday, so it can be fake as well. 

My strategy is to go long if price comes above the support and H4 candle closes. 
If current support doesn't hold, then next support comes at 1.29/2890.

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