EUR/USD Signal- June 4, 2012

Alp Kocak

Currency: EUR/USD
Trend Expected Direction: Down
Method: Ichimoku, Technical Analysis
Description: EUR/USD found support at 1.2395 and bounced off of the cloud on 30M chart. That indicates we are going to see the pair testing Friday’s high. This position is against the current trend so enter with a trailing stop of 20 pips.
Recommendation: Long
Entry: 1.2405
Target Area: 1.2435 and 1.2450
Stop-Loss: 1.2380

EURUSD Signal 6412

For an update as of 1:00 PM GMT see here

Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

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