Good morning everyone,
Yesterday, eurusd formed as a doji and gained for 4 consecutive days.
I still favour eurusd to climb higher. For 2 simple reasons that Greece will not be left to default and euro zone will definitely save Greece. Furthermore, Greek PM George Papandreou won a vote of confidence, bolstering his new government’s chances of pushing through austerity measures to secure further international financial aid for the country.
However, after 4 days gains, eurusd may turn down for a correction.
Just be cautious, when eurusd test support level at 1.4335. Therefore, if eurusd test this support but fail to break below. I recommend to pick long at this bottom. We are going to see eurusd climb above 1.4450 once it breaks above previous hi at 1.4433.
You may also choose to stay out if uncertain, remember not everyday is a trading day! Sometimes, we just need to take a day off!
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