Eur/Usd: Pair Testing Key Support Level

Feb, 23 2009 3:04 PM Est.

Casey Stubbs- Winners Edge Trading

The Euro lost value in today’s trading as investors bought the Dollar because of profit taking off of Fridays gains for the Euro.

The pair is currently testing the key support level of 1.2700 if the pair bounces of that level we could see further gains. Or if the pair goes through that level. We could see a downside target of 1.2550 again. Watch those levels then look for entries to find good trades.

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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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