Forex blog – JPY forex fan

A forex blog about making pips in any currency pair

Welcome to my forex blog. I am a great believer in luck and I find that the harder and smarter I work the luckier I get. :-)
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January 25th, 2012

EUR/USD: Support at 1.2950 broken

jpyforexfan

Ok, maybe now I could say that the bears finally took over and we will resume the move downwards to parity.

Just a reminder to those who have not followed this amazing trade of mine. I took a short at 1.3271. That’s where I moved my Stop Loss eventually. My take profit is set at 1.00

Here’s the 4-hour chart of the Euro Dollar forex pair as of right now:

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