Thursday, October 18, 2007


The euro is trying to break out of a month long resistance area. If the year's high of 1.4281 breaks, I would look for a target of 1.4400. Get long on a pullback and let 'er work. When the conditions are right, this will be some of the easiest trading you’ll ever do. If you bought between the 1.4040-1.4000 support area make sure to raise your stops and lock in some nice profit. If resistance breaks, I will start looking for a place to short. I’ll talk more about that as the setup unfolds.

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