Tuesday May 25, 2010

Over sold on the EURUSD and a trend line break buy now

The EURUSD is clearly over sold what ever indicator you are using and has recently broken a trend line looking to go long at this time trading up to it's previous high. This market has moved down quite a bit and ready to make the move back to some moving averages. Trend line and support and resistance are going to be very important in your trading because alot of indicators will lag. Trading within money management everyone even those that are still asleep can take advantage of this move by using the magical trading tool the magic stick.

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