UPDATE – Crunch Time EURUSD – 5/27/2010

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EURUSD Crunch Time – The Eurusd held its 1.2150 support level and trigger a Kijun Sen cross on the 30 min and we entered a long EURUSD at 1.2217 as referenced with the attached chart by the blue arrow.  We quickly went positive by 120 pips however we have come back hard in the last few hours with 1.2240 holding up.  At this stage I would bring my stop to BE at 1.2217 and have my first profit target just under our last high.  Well make it 1.2317 to sell half.
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