Eurusd update - 23 June 2011 Thursday

Good morning everyone,

Yesterday eurusd climbed to a high 1.4442, very close to my target of 1.4450 and turned down after FOMC announcement.

Today, I expect eurusd to trade lower. Traders may wish to pick short when eurusd retraces to 1.4350 - 1.4370 regions with stoploss around 50 pips. Target exit around 1.4200.

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