Saturday, July 26, 2008

EURUSD - Today's outlook

EURUSD is in a trading channel now. Now it is at the bottom of the trading channel. From a technical perspective, there are multiple support at this level. See image below. There is a good chance that it will move up. Time to toe in and take a long position now. If it break down (closes below on a daily basis) then get out. I think it is a low risk entry.

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