Eurusd update - 05 Sep 2011 Monday

Good morning everyone,

There is a high chance of eurusd to turn down to test support at 1.4020 before turning up again.

On Monday, I expect eurusd to climb back to 1.4250 before turning down further. So good to pick short around 1.4250 with SL around 1.4290. Target exit is around 1.4020.
Be cautious if eurusd trigger our SL because it has a high chance of going to 1.4350 before turning down again. So don't chase market if eurusd breaks above our SL level.

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