EUR/USD 6/20/10 Looking for Longs

Update: 6/21/10 11:00PM EST: We were stopped out with a -90 pip loss

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Play of the Week

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EUR/USD – To rangebound with bias skewed higher

Momentum bias – looking for longs at 1.2408.

Play of the Week:
I am looking to go long at: 1.2408 area.
If filled, my protective stop is 1.2318
My profit target is 1.2538

Risk = 90 pips Reward = 130 pips

(disclaimer: this trade is for educational purposes only and is NOT in any way trading advice. There is extremely high risk in currency trading. Please consult your financial professional before considering this type of risk)

Best regards,
Pat Arcadipane
Chief Executive Manager
Cashmechanics.com

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