Long EURUSD & long EURJPY

23.49 gmt

The recent turmoil in the Euro has fogged up the technical picture and it will take time for the charts to become clearer. Based on the price action between Friday and Monday, I am taking the following small trades:

Long 2 lots $22/pip EURJPY @ 123.46, with a stop at 122.40, but I would consider exiting if there was momentum in a move down below 122.90.

Long 3 lots $30/pip EURUSD @ 1.2945, SL at 1.2885, but a move below 1.2910 would alert me to a possible exit.

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