Eurusd update - 16 Nov 2011 Wed

Good morning,

Eurusd broke support level at 1.3480. I expect eurusd to do a retracement upwards first before breaking but it broke down first.
Right now I am looking at support levels at 1.3350 and 1.3150.
And immediate resistance now at 1.3480.
So I am staying out and waiting for new opportunities.

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