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Monday, November 25, 2013

EURUSD Trading Idea 25.11.2013



EURUSD is moving lower today at the beggining of this week, without having some important events at the Economic Calendar. From the chart above we can identify the downtrend and some early resistances and supports. More specifically, it seems that works again the resistance at 1.3516 and the support at 1.3487. The idea for today is that the price may consolidate between these prices, so you can take some sell and buy limits according to these lines. In case of a bear breakout you can put a sell stop at 1.3485 putting stop loss at 1.3493 and take profit at 1.3468.

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