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Suly1
Dec 17, 2014 11:10 PM

Trading Support and Resistance Short

Euro Fx/U.S. DollarFXCM

Description

Price touched resistance at 1.2575. One can sell at that level with 10-15 pips stop loss or wait for confirmation. Confirmation would be a candle closing below 1.2480 with a stop loss at 1.2500 or a little more. First target at 1.2362, previous support. If a candle close below the first target let it run until the next target at 1.2250, major support.
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