http://millionaireclub88.blogspot.com/2010/06/technical-analysis-on-eurousd.html
Enter your trade as Follow:- (RIGHT NOW !)
Currency pair: EURO/USD
BUY STOP AT 1.2305
PROTECTIVE STOP 1.2245
TARGET 1.2500
TRAILING STOP - YES
RATIONAL / REVIEW
Traders and Market participants were finally able to breathe a sigh of relief on Wednesday, following a US session which was ultimately content on buying back into risk, to open an impressive rebound in the equity markets. (Both DJ /S & P 500 were up 2.5%)
Technically, the break back above Tuesday’s high, could warn of some form of a base in Eur/Usd and help to open a broader correction in most of the major currencies against the buck
The market looks to be attempting to establish a short-term base ahead of 1.2100, and our outlook over the coming days is constructive, with Wednesday’s break back above Tuesday’s high helping to confirm the shift in structure.
You may refer to the same TA report from this blog or above link on "EURO/USD TECHNICAL ANALYSIS"
The present price chart for EURO/USD is as follows:--
HAPPY TRADING
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