EURUSD 1-17-07

1-17-07

EURUSD

The EURUSD long trade was closed yesterday at 1.2934 when the trailing stop was hit. There is a small breakout area between 1.2926 and 1.2912 that formed yesterday afternoon. I plan on buying the first pullback to 1.2926 with a 10 pip stop loss and a first target of 1.2973.The USDCHF is setting up for a possible breakout trade on the 180 minute chart, so trail the stop loss by 10 pips once the trade goes positive.