EURUSD Bullish Risk Moved to 1.2930

Published March 17th, 2009 - 11:27 GMT
Al Bawaba
Al Bawaba

Previously at 1.2830, EURUSD bulls can move risk up to 1.2930 at this point.  The decline from 1.3075 is in 3 waves (corrective), therefore that level should be exceeded soon.  While it is always possible that a more complex correction unfolds and ends below 1.2930, a trader's job is to manage risk.  The minimum target remains 1.3330.