Now that the USD has made a nice pullback and the EUR is showing signs of weakness, this (UUP) could be setting up for a nice long swing trade with very low risk (my favorite). If you're aggressive you could enter now. If conservative you wait until it breaks above 24.64 with a stop at 24.26. The target would be 25.84. Hope it helps...
Monday, July 12, 2010
UUP (ETF)
Now that the USD has made a nice pullback and the EUR is showing signs of weakness, this (UUP) could be setting up for a nice long swing trade with very low risk (my favorite). If you're aggressive you could enter now. If conservative you wait until it breaks above 24.64 with a stop at 24.26. The target would be 25.84. Hope it helps...
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