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Forex Alert! Tuesday 6/29 EUR/YEN Buying Opportunity
Trading Blueprint: Buy the EUR/YEN in the 107.50′s as this chart needs to establish a double bottom. Look to take profits in the 108.40′s prior to the London open. Stop loss at 107.29. DO NOT CHASE THIS TRADE! Buying above the 108 level will lead to problems. If the mid 107′s are not seen forget about this trade, tomorrow is another day.
Live Trading Opportunity For 6/28/2010 – EUR/YEN SHORT!
Trading Blueprint: Short the EUR/YEN with a break below 109.50, exit the trade prior to London Open at 2:00am est. Could see a drop to 108 in Asian trading hours but there is an outside chance of a meltdown below the 108 area and could see the 107.30′s.
Posted in EUR/ YEN Alerts!
Tagged Currency Trading, Euro, Forex Alert, Forex Signal, Forex Trading, Yen
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