Pnxforex Daily Trading idea(05-25-07)

[B]OPEN SEEL EUR/USD @ 1.3453;

SL at 1.3483;

TP at 1.3411 [/B]

EURO is at 50% retracement of May 23rd high, yet retested the mid term downtrend resistance line formed from 15th of May. Furthermore, MACD shows the confirmation of the trend line. There is a possibility that the EURO will test 1.3465, 61.8% Fib level before moving downward but enter at 1.3450 level will guarantee this selling opportunity.