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Friday, 17 September 2010

EURUSD 80 pips, TP2 met

Euro soars, extremely strong bullish trend prevails. Long @ 3020, closed @ 3100. We're still keeping our bullish view on the pair, aiming @ 3200 & 3400 double bottom targets. The original signal we sent out:

Extremely strong bullish trend prevails, retracement didn't even reach 2930 area. Trendline from 2954 still holding price & keeping bulls alive. Break of this trendline support will send the pair back to 2920-30 support. If fails, look for more retracement towards 2880. Resistence @ 3000 (P), 3050 (R1), 3060, 3080 (R2), 3100. If price reaches these higher levels, look for minor retraces. You can (a) close postion, (b) close partially, (c) keep position and lock in profit at next support. We're still keeping our bullish view on the pair, aiming @ 3200 & 3400 double bottom targets.
LONG @ 3020, SL 2990, TP1 3060, TP2 3100, TP3 3200.
LONG @ 2930, SL 2870, TP1 3000, TP2 3200, TP3 3400.
LONG @ 2880, SL 2840, TP1 2920, TP2 3000, TP3 3200, TP4 3400.

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