EURUSD (1.3573)

Mark Ryan Zeidus from Z2FX at 02/18/10

EURUSD almost touched its target at 1.3530 but was unable to break that level. We expect EURUSD to make another attempt towards 1.3530 and break that level which will also set its next target at 1.3400 level. Currently traders will focus on selling EURUSD on rise to retracement levels and sell EURUSD for a nice intra-day trade.

Recommended Trade:

Trade 1: Sell EURUSD @ 1.3585

Trade 2: Sell EURUSD @ 1.3640

Stop @ 1.3690

Profit 1 @ 1.3530

Profit 2 @ 1.3420