The pair has been bullish the past couple of days as yesterday the Eur/Usd bounced off a key support level of 1.4480. After that the pair has move back up rather quickly and we could see a retest of the previous high at 1.4842. So the way to trade this is to look for a break of the 1.4842 level and at that point the target is 1.5000 a key Psychological level.
4 hr chart * note the click the chart to learn about the system.
This bullish trend could continue for a while so be certain to look for buy opportunities while the pair is trending and do not short until there is a change in the overall trend.
Also if you have any comments or questions do not hesitate to post them here.
Winner’s Edge Trading, as seen on: