EURUSD 12-3-06

12-3-06

EURUSD

Sorry for missing Friday, but I had issues due to the snow storm. The EURUSD is close to the 1.3400 area of supply that extends up to the old high of 1.3666. The first place I would watch for selling to come in is between 1.3377 and 1.3420. I would use that pullback as an opportunity to enter a long at 1.3325. My first target would be 1.3420 followed by 1.3480. I would hold the last contract for a run up to the old highs with a wider stop to avoid being taken out again.