Eurusd update - 13 June 2011 Monday

Good morning everyone,

This week, eurusd will likely continue to drop further. However, there is a possibility of market climbing back up to 1.4500 before turning down further.

I favour picking short when market reach this top. However, if market continues to fall without climbing back up to 1.4500, I will prefer picking long when market drops further to 1.4200.

Lets wait for market to form today and determine our direction.

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