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EURUSD: Target Revised Below 1.32 Level

EURUSD: Target Revised Below 1.32 Level

2010-03-26 12:21:00
Ilya Spivak, Sr. Currency Strategist
Share:

EUR/USD

Strategy: Short at 1.4881, Targeting 1.3191
Weekly Profit / Loss: +161 pips
Total Profit / Loss:
+1484 pips

We initially sold EURUSD at 1.4881. The pair has now broken below our latest objective at 1.3404 and we will revise the soft target level down to 1.3191. We will also trail the stop-loss lower to trigger on a daily close above 1.4029.

032610 EUR


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To receive future articles by email, please contact Ilya at ispivak@dailyfx.com

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