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Monday, December 1, 2008

Easy EUR/USD Pips

EUR/USD has been ranging the past couple of days, although still leaving room for plenty of easy pips. I'm still feeling a bullish trend, however; the pair can't seem to break the 1.2700 mark. So let's use that to our advantage (but remember that at some point, the pair *will* break through that level!). For an easy 30 pips, buy at 1.2635 and sell at 1.2665. If the pair drops to 1.2610, reverse and sell down to 1.2585...we'll reassess the market tomorrow.

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