12/08/08 12:23 am - EURUSD: 80pt profit taken, pullback expected

The pair went up steadily during the Asian session, and the momentum accelerated during the last hour. Now overbought, and I’m expecting a sharp pullback before the London opens. Locked in an 80pt intermediate profit on my long and plan to reset the trade at lower levels. More upside likely during the European US sessions.

Leave a Comment