Forex Day Trading - EUR/USD


This is the 2Day 5Min Chart for EUR/USD



The USD GDP report is due out at 1.30pm GMT and this is a report of HIGH importance.
Markets tend to trend sideways prior to reports of HIGH importance.



A pending BUY order has been placed just above the Resistance of the Market at 13760 and a pending SELL order just below S1 at 13652.

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Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD The pending BUY order just above R1 at 14017 was taken at 9.20am with a Stop loss of 20points and Profit limit of 60points in place. The Stop loss has now been moved to 14012, just below the most recent low point in the market.
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