EUR/USD on Tue 21 Feb 2012

Market has been bullish with Greek bailout and within 1 hour it hike 60 pips or more and hit resistance 1.3250 and almost challenge above 1.3300.

Stochastic level still not too high so I'm not convinced to take a short trade.

Will observe market cuz it tends to move in sideways now.

Checked USD Index and it is almost ready for reversal up thus might be a turn down for Euro if there is no news to stimulate EUR/USD.

Still will observe when market trading at 1.3250-280-or max 1.3300 for shorting opportunity.
But no rush.

Will update if there's a market order.





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