Eurusd update - 30 June 2011 Thursday

Good morning everyone,

Yesterday eurusd broke my resistance level at 1.4400 and climbed after expectations that ECB will continue to raise interest rates next week and the immediate risk of default by Greece had subsided.

Today, we reckon that breaking this resistance will bring us higher but there is a Greek debt crisis vote later, so eurusd may stay sideway.
Anyway, at the moment, eurusd have little room at the top as the next resistance level is at 1.4500 and 1.4650. At the bottom, immediate support level is at 1.4415 and next support level at 1.4325.

I reckon that today, eurusd will test support at 1.4415 and turn up further. So good to pick long at this level with 50 pips stoploss and target exit is around 1.4500 - 1.4550.

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