The EURUSD Top Trade

Discussion in 'Trading' started by apex82, Dec 3, 2006.

What is your view on the EURUSD trade?

Poll closed Feb 1, 2007.
  1. This is the stupidest trade I have ever seen! US Dollar is going to plummet!

    2 vote(s)
    18.2%
  2. I like it, I would risk 10% on it

    4 vote(s)
    36.4%
  3. I dont care

    5 vote(s)
    45.5%
  1. Euro Future
     
    #11     Jan 11, 2007
  2. EURUSD held at the projected support zone, in fact I got the low to the exact pip off a daily chart. If you look on the previous picture you can see my purple line of support coming in at 1.2865. That was the exact low for the following 8 trading days and the catalyst for a 179 pip rally so far. It has now hit my projected target of the red grid and is stalling. It may have one more push higher to 1.3058-1.3066. If it can get above there it will most likely to continue up to 1.3107 where it will encounter its next resistance.

    ...... Updated chart with price action since the last call was made...
     
    #12     Jan 23, 2007