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| EURUSD Daily |
Previously also price has tested it twice and have bounced for atleast 150/200 pips.
Along with that one more horizontal support-turned-resistance is coming up around the same area. This area roughly comes up at 1.2760/70.
My strategy is to go long on a touch of that area for a possible move towards 1.29/30.
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| EURUSD Daily |
UPDATE ON 6-Nov-12: 3:30 GMT: Price is fast approaching my entry area. Yesterday I went long circa 1.2776 for 1/4 pf positions. Rest of the position I plan to fill at levels 1.2765/55 levels.
There are 5 red daily candle continuously, so a pullback might be in today. I will be targeting a up move towards 1.29/30 against break & daily close below resistance area.
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