Monday, June 22, 2009

EUR/USD: Short @ 1.3863




I waited to go short until I got more of a signal from price action. I entered at 1.3863 and my overall target will be 1.3500. I plan on taking some profit at 1.3760 and brining my stop down if price makes it there. I may add more to the position after a break and retest of 0.0 Fibonacci level at 1.3745. The weekly and daily stochastics are currently in bearish cycles, which support bearish bias at the moment. Stay tuned on Twitter for live trade updates.

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