EURUSD - 1.4, the level to watch

Euro Fx/U.S. DollarFXCM

Description

⋅ May 2, 2014 6:25 AM

Notes on chart. 1.4 is a very nice round number and surely there should be good sell orders sitting there.

For now, a retest (IF there will be one) to 1.38 should be a safe bet to long targeting 1.40.
Watch for ECB official's comments when Euro reaches 1.4

Focusing on longs for the moment

USD (US Dollar)Triangle Double Bottom

Comments

HappyKing

⋅ May 2, 2014 8:21 PM

It worked perpectly! Nice to see your Idea :D

justatrader

⋅ May 4, 2014 6:36 AM

What do you mean.. The trade is yet to be triggered.

HappyKing

⋅ May 4, 2014 2:57 PM

I'm saying 'there was rebound near 1.38', acturally reached 1.3811 and hod, and rellyed, but I wanted to know result(of your idea), I've betted above 1.382, and went out