The price of EUR USD touched 1.31 twice and it seems safe now to buy forward. The target is 1.316 towards 1.325. It is likely the price levels will surge towards 1.332.

What worries me though, the tension surge at the turkey syrian border. It seems the situation escalates right now, syrian army got frenzy, got close to the border and turkish government alarmed the army, a possible intervention seems to be on the way. 

If such thing happens it will happen after 10th april, possible events will cause oil shortage, but primarily eurozone will get harmed, italy and germany. Such military intervention would cause strongly bearish euro with possibly more oil shortages at UK. 

Until the situation stays locked, i will enter long. Entered from 1.31 sl at 1.307 target 1.316 & 1.325. 

Good Luck

Views: 110

Tags: EUR

Comment by gunes unver on April 12, 2012 at 11:43am

First target reached after getting really close to stoploss. +60 pips. Next target seems to be 1.322.

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