MARKET UPDATE 2

OKAY

we are in a long trade but we are dancing here. the move is already extended so I will probably close the trade before stop or target is hit.

The reason I'm taking a shot here so late in the move is due to very Poor u.s. data on a major employment report.

So I will be playing patty cakes with this one.  I expect a pullback to around 1.3838 after the close of this hour as that is the breakout level I'm watching,which is a prior day high.  This is our key level for the trade.

If you took the trade be on your toes because I'm playing this one tight...

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM