Eur/Usd: Getting Ready To Test Previous High

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.

Thanks

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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