Forex - EURUSD 14 December 2010 GMT 8:25 - 9:00
[ No Comments ] Posted on 12.14.10 under Forex
GMT 8:25 Short EurUsd @ 1.34598. EurUsd have been climbing up a lot after break previous day high@ 1.34325. On the 5min chart ergodic crossed over, 15min seems as if it is going to close as an inverted hammer on an uptrend. Decided to short EurUsd.
GMT 8:35 5min closed below the 10D SMA and is headed southwards. Both 5 and 15min indicates that there is strong support due to LRC and yesterday’s high @ 1.343325 region which should be my TP.
GMT 9:00 EurUsd touched and bounced of the support region. Thus closing my trade @ 1.3440 for a 19.8pips profit.
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