Eurusd update - 20 June 2011 Monday

Good morning everyone,

Last week, we seen how eurusd can really swung. The week candle close as a doji.

This week, eurusd will continue to climb to 1.4450. Breaking above 1.4500 will bring us to the next resistance level at 1.4700.
There is a strong support level at 1.4270. However, I expect eurusd will pull back to 1.4225 - 1.4250 regions before turning up.
Therefore, on Monday, good to pick long around these regions with stoploss around 50 pips. Target exit is around 1.4450.

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