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EURUSD - update
By Laetitia Vaval | October 23, 2007
I wrote last night that I had bought one EURUSD lot at 1.4159 in the pullback that occurred yesterday morning (after the Euro peaked at all-time highs). Shortly after writing that post, I doubled up at bought another lot at 1.4183. The first lot is now up 113 pips and the second lot 94 pips. I moved my stop price to the price I had bought my lots for in order to at least break-even in the case of a reversal. Now, I’m starting to wonder how much higher can the Euro possibly trade up ? The growing probability of an October rate cut still pushes me to believe that there is still room for growth for the Euro. There is no major economic data being released today on either sides (EU or US). Will update on the progress of this trade later on.
noneTopics: Wall Street Warrior |