Eurusd update - 10 Aug 2011 Wednesday

Good morning everyone,

Eurusd really can swing. Previous profit got triggered at 0 loss and yesterday lost after eurusd swing up higher.

Right now, eurusd is forming consolidation, so be cautious resistance level at 1.4400.
Today, I favour short at 1.4375 with SL around 50 pips. Target exit at 1.4200. However, if eurusd breaks above the resistance, eurusd may go for an extension upwards.

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