Eurusd update - 31 Aug 2011 Wed

Good morning everyone,

Yesterday eurusd broke my support level, I went in at 1.4484 with 50 pips stop. I have exit at 1.4412 after I see the consolidation at the bottom.

Today, I expect eurusd may turn up. Therefore, I favour picking long around 1.4400 with 25 pips stop. Target exit is around 1.4520.
Don't compromise on the stoploss as market will continue lower if it breaks below 1.4385.

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