Societe Generale EUR/USD Forex Trading Recommendations

(Last Updated On: April 15, 2012)

Societe Generale EUR/USD Forex Trading Recommendations
Forex – Societe Generale EUR/USD Trading Recommendations forex-quebec.comStrategists at Societe Generale advise to go short on the EUR/USD, entering the trade at 1.3100 with a stop at 1.3250 and a target of 1.2600.
–Recent reports suggests that the Euro Rises Against Dollar, But Remains Vulnerable: http://t.co/ukZu0YqT–EUR / USD closed at 1.3075 Friday. We have a potential Head & Shoulders bearish reversal formation on the daily chart with around 1.30 being the neckline and the head at 1.3484 with the right shoulder at 1.3211. Therefore, I recommend shorting the pair once it is below 1.30 with a stop loss at 1.3217 and a conservative 1st target of roughly 150 pips lower or 1.2850. Of course, the ultimate target would be a re-test of the recent lows around 1.26. Good luck all .
–Agree with bearish view but lacks momentum.
–I am already short and 100 pips plus. I will let the profits run until the revers.If you want to know how I maximase my profits using multiple orders just give me a message.

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