Tuesday, September 8, 2009

EUR/USD breakout at 1.4500



As mentioned in a previous post, my buy trigger for the EUR/USD was 1.4500.
We just had to be patient.
This level was triggered today.
I am initiating a long position in EUR/USD on the Forex at 1.4500
Beware of a potential false breakout. Always get prepared for the unexpected!
My stop is at 1.4470.
If EUR/USD would fall below 1.4300, this would trigger a reversal scenario.

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