Tuesday, February 3, 2009

eur trade stops out

eur/usd hit 1.3034 a couple of hours ago and our position closed at a loss of 229 pips. The pair had been rising steadily since the start of today's US session and broke 1.30 just after the release of a better than expected US pending home sales.
I'm waiting for a breakdown of 1.30 followed by pullback to short again.

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