FX Trading UPDATE

The correction in EUR/USD persists and there remains opportunity a final sell-off to around the 1.2800 level before Reversal; to herald the resumption of Euro’s Uptrend onto 1.3170 and 1.3350 over coming days.

I am looking to Buy the Euro at 1.2815/1.2800 (with a Stop under 1.2750, initially)

for the Euro’s next broad advance.

Also, as a Short Term Trade Today, I am looking at this Shorting Opportunity:

Until the Euro breaks below 1.2870 (by which time I will forgo my Shorting plans and

focus solely upon my next Buying opportunity, above) I will Sell EUR/USD at

1.2920/1.2935 (with a Stop at 1.2970, initially) for a climactic sell-off toward the

low 1.2800’s.

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