Blindfoldedmonkey: EURUSD DAILY STRATEGY

Monday 19 August 2013

EURUSD DAILY STRATEGY

Direction: short
Target: TP1 – 1,3260
Protection: SL – 1,3340
Our setup: 1,3316



Background: During Friday there were huge pull ups on the cross and this early Asia session only was able to test the 1,3340 resistance level. Now after the Europoean session started the cross started weakening again and we guess this might be continue until US session. So we sold with target price of 1,3260. First, need to be broken the 1,3310 support level, if it taken the area is opened for short side movement.

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