Showing posts with label US pending home sales. Show all posts
Showing posts with label US pending home sales. Show all posts

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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