Eurusd update - 24 Nov 2011 Thu

Good morning everyone,

My view is right yesterday but eurusd is a bit short at the top on reaching my entry level.

Today, I hold a short view but I wish to caution everyone. At 5pm SG time, there is a report on Germany business confidence.

Eurusd may swing a bit. I reckon that it is good to pick short around 1.3400 with SL around 35 pips. Target exit is around 1.3250.
Be on alert when eurusd reach 1.3460, I don't expect eurusd to hit this top. However there is a possibility too. If it really reach this top, good to look out for reversal to short today before US market comes in.

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