Eurusd update - 1 August 2011 Monday

Good day everyone,

Last week eurusd close as a doji.

This week, 2nd August is the deadline for US debts. Eurusd may trade sideway until 2nd August. I favour eurusd to drop this week with expectation that eurusd will retrace to 1.4400 region before turning down.

So good to pick short if eurusd reach 1.4400. SL 50 pips. Target will be around 1.4050 - 1.4100.

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