Sunday, March 28, 2010

EUR/USD: 1.3435 as the Main Resistance for this Week?

(Click on the Daily chart to enlarge it)
Here goes the 1 Million question for the Euro: Is this a pullback to resistance 1.3435 just for prices to continue dropping or, the Morning Star formed last week will trigger a major Bullish trend?
It´s needless to say that if I knew the answer I would already have several entry orders placed.
But some price levels help me pinpointing my entry levels, as below:
* LONG above 1.3435 / 1.3445 with STOP at 1.3385 and LIMIT 1.3560.
* LONG at 1.3385 / 1.3350 as Support with STOP at 1.3325 and LIMIT 1.3560
* SHORT below 1.3268