Tuesday, November 10, 2009

EURO Long

I am placing a limit order on the EURO to go long @ 1.5020 and a limit order to go short @ 1.4936 because I do not know which way it will break... I believe that price should break to the long side because of the fact that the US dollar is at its low... With all that said, I'm going to bed and hopefully I will wake up in the morning with a nice surprise... There are other currencies that are nice setups as well, cad, aud, jpy, gbp but i like the fact that the US dollar is the catalyst to launch the EURO,,,

Hope it helps

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