Good morning, traders!

The trade I described yesterday finished rather successfully, with all the targets 2675-2665-2645 hit. Though I was expecting decline to 1.262 area, EURUSD seems to reverse and find short-term support a bit higher, with low set at 1.2642. 

I'm sorry for a dozen of lines on the chart, I need a major tidying-up :) I expect targets on the upside at 1.2750-1.2780. If we reach these levels on a quick rally, we can think of selling from there with SL around 1.286 area.

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Comment by Rao Khassan on May 18, 2012 at 7:26pm

My sell order at 2774 is open now

There's still another possible area to test before decline - it's 2820/30 area, so I'm not in a full-volume trade till Monday. Let's see.

Have a nice weekend, traders!

Comment by No more on May 18, 2012 at 7:33pm

Thanks Rao! Great weekend to you too! Regards

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