Eurusd update - 4 July 2011 Monday

Good morning everyone,

Last friday, eurusd swung wildly. Looking at the chart, this week we are looking at eurusd to climb higher and we might even see eurusd to reach 1.4900 near the top at 1.4940 on 4 May.

Monday, eurusd may do a small consolidation with 1.4450 - 1.4550 but I favour picking long around 1.4470 regions with stoploss around 50 pips. Target exit is around 1.4600.

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