Euro as expected traded below 1.2800 levels and there are good chances for a decline towards 1.2700 levels and this level should support the pair for the next move higher. For now we would expect to sell the pair on any move higher near 1.2800 levels for a decline towards 1.2700 levels. Prefer to sell at 1.2800 for the above said target to be reached. Amend stop to entry once 30 pips profit is achieved.
Sell @ 1.2800 for 1.2700 with stop above 1.2830.
By N. Rajesh Kumar,
Forex Leads,
Email:
rajesh@forexleads.com ,
# 3 G-1 Ambal Flats,
Sathyavathi Nagar,
Padi Chennai 600050,
Phone: + 91 44 26549159
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