Thursday, September 07, 2006

EUR/USD (1.2788)
BOTTOMED OUT AT 1.2771...



In 30 minute charts, it found the bottom of 1.2771 from here on buy at the current level for the target of 1.2835 and 1.2850. But crossing 1.2850 is tough to crack the level. At the current price the RSI is at oversold region. So one can go long for small pips. From the low of 1.2771 u can get least of 80 pips of movement...