***Easy Money***

EUR/USD: Major weekly support approached and broken with loads of momentum 1.3051, so 1.3049 entry, price pretty much dropped 58 pips within 20 minutes, so ideal level for short term traders. Longer term if looking at the weekly chart there is a possible bearish divergence.
 

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Quote from romik:

OK, I now have 2 buy orders @ 119.88 both using a 10 pip stop. 1 long hold & 2 a short term trade. With FOMC minutes @ 2pm EST this pair can be pushed right through a previous weekly resistance of 119.86 which established itself back in Oct 06, USD has been climbing since Jan 05, so all we can be is remain hopeful :)

EDIT: I have to stress that I am almost 100% of the time closed out @ requested price with minimum slippage. If you are to trade levels at which volatility is bound to increase I would advise to ask your broker whether they have any obligations to take you out at or very near your stop.
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level broken, short term profits taken
 

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