Today European Central Bank is going to announce interest rate decision at 1145 GMT Hours (1 hour away).
We had heard of a large US fund house entering a huge EURUSD trade today. Maybe they know something in advance of this announcement. We had followed them in this trade.
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Resistance formed at 1.3878.
Stochastic has signal sell.
Sell EURAUD at 1.3745
Stop level at 1.4160
Target level at 1.3000
Dear friends,
On 31 Jan 11 we had call to sell EURAUD at 1.3745.
EURAUD had plunged deeply. We decide to close this trade today (4 Feb 11). Closed EURAUD at 1.3424, profit is 321 pips.
If you are trading 1 standard lot, your profit is will be AUD3,210.
Original trade:
Sell EURAUD at 1.3745
Stop level at 1.4160
Target level at 1.3000
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