the setup of this morning

FX:EURUSD   Euro / U.S. Dollar
70 0 0
Long the Euro             , but with patients. for short term play 1.13200 should not be breached. There is a good chance that 1.13500 will be taken out. The idea is to bring the price to a level with a lot of orders and then to move the pair back north. So sit tight and until 10 am. central time enjoy the chop. Or if you have a day job you can enter now stop about 10 pips below the 1.13200 and set your size accordingly.

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