Analysis on EurUsd Currency Pair :
EurUsd has been in uptrend movement since 19 Jan 2012 after broken above upper channel line of a down channel that started 31 Oct 2011.(Refer to Daily Chart attached)
We are looking to take a small profit of 20 pips out from forex market on daily basis.The stop loss for the trade is 20 pips too. Risk reward ratio is 1:1.
Buy at 1.3150 if price retrace below this level. (See attached chart)