EURUSD is moving in an ascending channel as you can see in this chart. Since there is no major economic events in short-term you can take a long position at 1.3393 putting stop loss 12 pips lower and take profit 25 pips higher if you want quick profit, or 60 pips higher near the resistance line of 1.3453. On the other hand, in case of a bearish breakout you could sell at 1.3378 putting stop loss 10 pips higher and take profit at 1.3344.
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Wednesday, November 13, 2013
EURUSD Trading Idea 13.11.2013
EURUSD is moving in an ascending channel as you can see in this chart. Since there is no major economic events in short-term you can take a long position at 1.3393 putting stop loss 12 pips lower and take profit 25 pips higher if you want quick profit, or 60 pips higher near the resistance line of 1.3453. On the other hand, in case of a bearish breakout you could sell at 1.3378 putting stop loss 10 pips higher and take profit at 1.3344.
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