euro daily double top, page-9

misty, the last thing I did Saturday morning was take longs on EUR/USD and EUR/GBP.

Both charts look very very oversold in the short term. I have moving average bands as an indicator of extreme price from where it usually retreats, or the very least slows down and goes sideways for a few bars. The fibs are there in case it really does become a short term bottom.
My targets are 100 pips for pound cross and 200 pips for dollar cross. Stops are minimal; if it wants to make new lows I won't fight it.