Eurusd update 2 - 8 Aug 2011 Monday

Good morning everyone,

I have a special update as eurusd open with a big gap up and turn down. I favour eurusd to turn down. However, we don't jump the wagon and chase the market blindly.

Good to pick short still but favour picking short around 1.4370 with 50 pips SL. I expect eurusd to turn down to 1.4100, breaking 1.4050 will bring us to lower levels which may hit 1.38 regions.

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