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Thursday, March 19, 2009

Update: Closed EUR/USD 100 Pips Below Target

I finally closed my EUR/USD at 1.3492, just around a hundred pips below my initial target at 1.3580. I know I should let it reach the target although it may not, but it is a 70% return to my account (949 pips). There is also a technical factor. The pair is at 30 EMA area on weekly chart and that means sell. Below is the EUR/USD weekly chart.


I still have GBP/USD open. The pair closed above 30 EMA on daily chart and seems promising to continue its way up. Okay that is it. Hope you guys also banked some pips in last night movement after the news. Happy trading guys!

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