Chart courtesy of DynamicTraders. Data provided by eSignal.
Hopefully you all managed to capture a nice profit on the Euro from Wednesday morning. As I mentioned this morning, the bounce was not convincing and as was a little expected the Euro broke through the support to provide a good gain for the day.
Look at the chart above and if still short make sure you lock in your profits and maybe scale out as we are at 50% support level. First trend line and the moving average could also act as support if we continue with the trend down and reach that far.
On Thursday morning check what the overnight session did for a possible reversal.
Good luck for Thursday. I will not be posting again until Monday morning so hope you all have a good weekend.