Forex Market - 21st January 2010

Posted on January 21st, 2010 by James Alliss.
Categories: Tips, Forex.

GBP/USD dropped like a stone and made a low of 1.6124. I made some nice pips from this trade. I’m now looking at EUR/USD and it looks to me as if it’s turning over and on its way back up.

EUR/USD buy area looks excellent @ 1.4090 with a max 50 pip stop. I anticipate the pair making a move up to 1.4200 provided we stay above 1.4060.

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James.

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