Eur/Usd: Getting Ready To Test Previous High

The pair has been bullish the past couple of days as yesterday the Eur/Usd bounced off a key support level of 1.4480. After that the pair has move back up rather quickly and we could see a retest of the previous high at 1.4842. So the way to trade this is to look for a break of the 1.4842 level and at that point the target is 1.5000 a key Psychological level.

4 hr chart * note the click the chart to learn about the system.

This bullish trend could continue for a while so be certain to look for buy opportunities while the pair is trending and do not short until there is a change in the overall trend.

I want to thank all of you traders that joined my trading team on Currensee and so far things have been going well. Since I am trying to help traders with this blog I am always trying new systems. I started testing a new system this week and I will do a review soon but so far it has shown a great deal of potential. If you want to follow my trades go ahead and sign up to Currensee and join my trading team.

Also make to check out the future news that will impact the market by reading Forex Crunch.

Also if you have any comments or questions do not hesitate to post them here.

Thanks

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