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Daily Chart EURUSD

February 26, 2013 By 2 Comments

Today I entered a short Euro trade. I have the daily pivot points up on the 15 minute chart. As you can see, the price is between the 200 moving average and a 20 period moving average. I believe the pressure of the 200 moving average will be too great coupled with the resistance of the daily pivot and the price will fail below 1.40.

As always I will let you know how the trade goes below in the comments!

eurusd

Entry Order short EURUSD at 1.41600

Happy trading!

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Comments

  1. misswallstreet says:
    August 8, 2011 at 11:43 am

    Market rallyed on Friday, stopping me out at about 1.43

    Reply

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  1. Mid Week Trade Reflection | misswallstreet.com says:
    August 10, 2011 at 11:50 am

    [...] Dollar. I placed a couple of trades on this one. One was a winning trade and the other I lost some pips. I also included a chart of the US Dollar versus the Canadian Dollar. That was my most recent trade [...]

    Reply

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