Tuesday, September 30, 2008

9/30 - LONG EUR/USD POSITION MEETS 2nd TGT [+724 PIPS] LOOK TO SELL EUR/USD


US DOLLAR INDEX: The 50-day moving average has supported the US Dollar's move back towards the 80 handle. This is in large part due to the aggressive weakness of the Euro. It was the clear loser today and could threaten major trend-line support near 1.40.

Strategy Summary: LONG EUR/USD POSITION MEET 2nd TARGET [+724 PIPS]
SELL EUR/USD AT 1.4152 FOR A 1.3900 1st TGT, STOP at 1.4296

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