The downward trend of the euro against the U.S. dollar at the beginning of last week once again gained significant momentum on Wednesday, marking a new low of just below $ 1.30. Later in the course mark was at first but then defended and the market continued to be a backlash. After an interim high of close to $ 1.31, the week ended finally in the range of $ 1.3050.

Ended with the counter-movement on Friday a short trade, on the low of the reversal bar from 02.12. took its beginning and was followed by the secondary downtrend. The stops were redrawn with each candle on the respective days highs, provided these did not constitute internal rods. The trade could thus keep a distance of 293 pips and scored with an initial risk of 0.5% a gain of 0.78% on total capital. This corresponds to a RRR (Return to Risk Ratio) of 1.59 and is thus at least the desired minimum value of one and only marginally (1.60) at this year's average winner.

EURUSD 18/12/2011 - daily

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