Daily analysis and trading strategies 8-27-10

August 28th, 2010 | Tags: , , , ,

EURUSD
Trading strategy: small long at 1.2750, stop at 1.2680 (0.5% risk), objective at 1.2850
Euro’s minor recovery continues after testing support around 1.2660 yesterday. However, upside was capped at 1.2760. Upside is slightly favored at the time of writing but short-term bias remains bearish as long as 1.2900 is still “far” …



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