Eurusd update - 19 July 2011 Tuesday

Good morning everyone,

Sorry was not able to give an update for yesterday.

Anyway, yesterday's eurusd really swings widely. Right now, everyone is waiting for the summit on 21 July. I believe market will have a lot of speculative news and eurusd will likely retrace higher.

Today, I favour picking long around 1.4075 with stoploss around 50 pips. Target exit is around 1.4175.

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