Killy_Mel
Long

FX CHART OF THE DAY: EUR LIKELY TO REVERT UP TO ITS MEAN

FX_IDC:EURUSD   Euro / US-Dollar
After a sharp up move earlier this week EURUSD             has retraced its gains significantly.

However it did not yet enter a downtrend on weekly basis - price is returning to its 1st standard deviation from weekly (120-h) mean amid compressing volatility (marked by 3.2 st             deviations from the mean)

Thus the price is likely to revert up to the weekly mean within a day or two

Traders can pick long positions close to lower 1st st             deviation from weekly mean (1.1270) with stops below relevant lows (at 1.1190) and target the mean (at 1.1410)

Traders also should mind calendar events coming out on FRIDAY!=)
trade killed by news ) heh
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