Tuesday, May 26, 2009

EUR/USD: Long @ 1.3941







Price retraced from last weeks high to the 61.8% Fib level (1.3855) and to lower trend line depicted in M30 chart. I like to wait for a break of the 21 EMA before entering so I got in at 1.3941. My target will be 1.4170 which is the 50% Fib level depicted on weekly chart.

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