Eurusd update - 11 Jan 2012 Wed

Good morning,

Eurusd is trading in tight range, 1.2665 - 1.2820.
It's going to breakout soon. I favor waiting for breaking out either sides to enter. Right now, while within this range, I will just wait.

2 comments:

  1. hi so u recommend pending orders at the extreme?

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  2. Hello Kumen

    Good question. I don't favour putting pending orderd unless you can put OCO orders.
    If we can't put OCO, I would favour putting alerts and I would enter only about 5-10 pips froms the break out price.

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