Tuesday, August 28, 2012

EUR/USD

Certainly was a rollercoaster ride for the Euro! It broke through the support which I mentioned. Then going into a quick selldown because traders saw the breakout. Then it was supported at above 1.24630 and then went up in a jiffy catching all the short sellers. Was stopped out when it broke through my support. Re-entered at around 1.24730 cause I saw a rejection. This signaled me to go long. For those who are in already you might want to take a partial profit as I detected a pinbar signalling a reversal.

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