Managing the Euro.

Good morning Dynamic Traders,

Whilst waiting for the BT engineer I thought I would try to get a quick update done internet allowing.

I mentioned the Euro for a short about a week ago which infact has dropped over 300 pips since doing so therefore well done to those of you who did your own analysis and took this trade.

However i do want to emphasise the importance of managing your trades as this pair are now at a former R/S area together with the V.I. and a candle formation from Friday.

I am not saying it is about to shoot northwards again athough this could happen but am saying that if you are in the short trade don't give all your hard earned profit back and thus lock in what you are happy with in conjunction with your TP rules.

At present the RSI is showing OS and the Stochastics too but this has also got a FB.

As always please ensure that you do your own analysis before trading.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.