March Live Trade # 4 - BUY EUR/USD

4:39pm (Manila)

Packing my bags and going home. I'm exiting my positions at +11 pips/lot.

Summary for this trade:

1st Lot: +11 pips
2nd Lot: +11 pips

Total: +22 pips

I am exiting the trade due to the German unemployment announcement which is more negative than expected. Despite this, the EUR/USD pair continued a steady upward trend today. However, I think this announcement will cast a gloomy shadow over the pair and would temper any further upward movement.

All eyes now on the ECB when it announces its interest rate decision this coming thursday.

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11:40am (Manila)

BUY EUR/USD @ 1.3267
STOP @ 1.3094
LIMIT 1 @ 1.3297
LIMIT 2 @ 1.3339

Pair breaks 1.3257. Pair could rise up and go all the way to 100-day SMA around 1.3407.