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Friday, May 25, 2012

€ EURUSD: Upswing to be Used to Add to Short

25 may 2012 strategist 08: 23 GMT strategy: short to 1.3073 (Avg), targeting 1.2481
Floating profit / loss: + 487 pips
We originally sold EURUSD at 1.3121 and added to the 1.3026 position. The pair sold after forming a ground of candlestick bearish Harami and we have subsequently revised our stop-loss applies on a daly nearly over 1.2865, after prices overcame the second objective. The RSI divergence now suggests a positive stimulus to come, is that we will treat as an opportunity to add to the short position, once the correction is exhausted. 1.2674 Level has been redesigned as a short term resistance.

EURUSD_Upswing_to_be_Used_to_Add_to_Short_body_Picture_5.png, EURUSD: Upswing to be Used to Add to Short

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