Friday, March 18, 2011

Change View EUR/USD

All my previous postings were on EUR/USD shorting opportunity at 1.4000-1.3980 region.
With the convincing bullish candle crossing above 1.4000 region, in line with the sentiment, I am bullish on EURUSD.

Check in Daily chart, EUR/USD has completed a Fibo Retracement level 50% and rebounded (Fibo Retracement on Labelled wave only), currently crossing above 1.4000 region.

My view is bullish, EUR/USD towards 1.4250.
My trading plan for today: 
Long EUR/USD at 1.3970, SL 1.3930 (50% of yesterday's candle), TG 1.4070-1.4100 (ATR 120).

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