New Trend Set For Euro, Can It Hold?

10:30 pm Est

Casey Stubbs — Winners Edge Trading

The Euro has just broken the trend line in a bullish move today after positive news in for housing starts. This is an opportunity for traders to take a long position with a stop just below the trend line. The new support is the top side of the trend wall on the daily chart.

The next target is the resistance area of 1.3740 we will see over the next couple of days if this new trend will be able to establish itself. And take out any important resistance levels along the way.

Daily Chart: Click chart to learn about trading system.

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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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