03/24/09 12:12 pm - EURUSD: Hitting hourly channel support at 1.3425
I went long with a small position at 1.3453 after the pair seems to find support at the lower hourly channel boundary. I don’t have confirmation for a bounce at this point, but not risking much on this trade, and bullish divergence on the hourlies as well as past price action support the trade. Stop is tight at 1.3390, if 1.3415 gives there’s a good chance of a move to 1.3240.




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