EURUSD 12-21-06

12-21-06

EURUSD

I have to go somewhere early tomorrow morning, so I am doing the Thursday update this afternoon. The EURUSD sold down to the 1.3172 area and it is basing for a move higher. Either buy the breakout if you trade this afternoon, or the pullback to 1.3175 if the breakout happens before I finish this email. The first target is 1.3198 and the second target is 1.3219. Move the stop to even after the first target and to 1.3190 after the second target is reached. This looks to be a possible pullback to the higher EURUSD from here entry for those of us that missed the weekly bottom trade. In case it is not, trail your stop tight so that, at the very least, it is a profitable trade.