The Euro is at the top of its triangle that I blogged about earlier this morning. I took some partial profits from my long at +85 pips. It poked its head above it earlier this morning, reaching 1.3687. Failure here will probably send it back to the 1.35 area. Let's see if it can make it to 1.3736 and then possibly 1.3788/97, 1.3839, and 1.4026. Support is at 1.3621, 1.3551, 1.3531, 1.3435 and 1.3250.
© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.
My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog, you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.
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