Hello traders,

Yesterday trading was tough and risky, and I hope it was profitable for you.

EURUSD bottomed yesterday at significant support level 1.3030, from were it climbed back at already 80 pips:

Currently the pair spiked up to 1.3110, where 15 min MA and several resistance levels on 5 min chart are placed:

Your comments are welcome as always!

Have a safe trading,

Rao.

Views: 353

Comment by Rao Khassan on May 3, 2013 at 7:10am

I closed my buy position from 64 at 08 - thanks to minute chart. I'll try re-enter long side from 85-80.

Comment by Rao Khassan on May 3, 2013 at 7:27am

EURUSD head to 1.3082 on tick chart. Once we test it, I'll try to add long with stop loss below that line.

Comment by Rao Khassan on May 3, 2013 at 8:02am

On EURUSD we have low at 88 and aiming higher. Now watching 1.3100 - either we stay above this level and continue rising or get back to 3085 area.

Comment by Viktor on May 3, 2013 at 1:53pm

if it closes 1.3147 it could go on higher

Comment by Viktor on May 3, 2013 at 2:09pm

total retracement would mean just the opposite, it looks it doesn't want to go down

Comment by Viktor on May 3, 2013 at 2:12pm

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