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Tighten risk on EURUSD Long
Written by article default Thursday, 23 September 2010 06:51
As of two days ago I advocated a EURUSD long from 1.32, and now I'd like to trail my stop for the second time on the remainder of the position below 1.33. The longer the EURUSD trades sideways the higher the odds of reversal. As such, I'll tighten risk to protect profits. Barring a break below 1.33, however, I'm looking for a EURUSD move higher.Click here to learn more about DailyFX.