Wednesday, May 20, 2009

Watching EUR/USD for shorts @ 1.385 - 1.39

Previous points of support on the weekly & daily, should provide a good short setup and retracement from this morning's breakout.

The weekly below...

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Daily below, showing a zoom in on a key area of previous support which I now look to provide resistance...

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Unfortunately, I'll still be trading small as I've yet to receive full funding to my account and need to be careful of margin. This should be restored by 5/27/2009.