EURUSD 1st July 2013

Good afternoon everyone,

My trade idea for EU for today is as below, i'm looking for the price to test the upper channel line (red dotted) and plan to take a sell  @ 1.30500, SL 60pips, TP1 60 pips and TP2 120 pips. Lets see whether i can get this trade....

trade update, 2nd July 2013, 22:05 

1st TP hitted, TPed half position, changed SL to 1.3049. Hopefully tomorrow ADP Non-Farm Employment Change & Unemployment Claims will help me take my 2nd TP :)

trade update, 3rd July 2013, 13:45 

Looks like the EU pair is working as planned..... Hmmm, since tonight there's some major News for USD, i'm gonna adjust my 2nd TP a little bit lower to 1.28800, betting on Stronger USD after the News as the Dollar futures looks like heading to $84.50 the previous high. In the meanwhile, i also adjust my SL to 1.3005, to locked in 45pips in pocket 1st, in case the News latter is not in my favor.

trade update, 3rd July 2013, 23:30

Looks like i cannot get my final TP, trade stopped out @ 1.3005 @ 45pips. 

Time to look for another trade idea.... 

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