Eurusd update - 25 Aug 2011 Thurs

Good morning everyone,

Yesterday eurusd fell to 1.4375 after failing to break 1.4500. I took a short at 1.4468 with small stop at 1.4490 and lucky enough, eurusd climb higher to 1.4481, never trigger my stop and turned down.

Today, I reckon that eurusd may climb back to 1.4470 region again. Good to pick short around this region. Stop can be place around 1.4490. Or pick short if eurusd breaks below support at  1.4375.
Once eurusd breaks below, we are certain to see 1.4200 before the week close.

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