Eurusd update - 7 July 2011 Thursday

Good morning everyone,

Yesterday, eurusd pulled up to the high as mentioned and turn down lower than our target to 1.4286.

Today, looking at eurusd formation, I expect eurusd to pull up for a correction, provided eurusd breaks above 1.4340. So good to trade long if eurusd breaks above 1.4340 with 50 pips stoploss and target exit is around 1.4400.

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