EURUSD 11-28-06

11-28-06

EURUSD

The EURUSD has traded in a range between 1.3160 and 1.3085 for the last two days. This has allowed the moving average on the 60 minute chart to catch up to the trading range. You may want to use the moving average as a trailing stop in case the up move is stalling out. The moving average is currently at 1.3113. A rally past 1.3160 would allow us to move the hard stop loss to 1.3100 so that we can continue to trail the up move.