Eurusd update - 15 Dec 2011 Thurs

Good morning everyone,

Yesterday eurusd traded lower but I really stayed out for some reasons.
Firstly is that eurusd is trading very near support level and the 2nd thing is that I favour a short correction up first.

In the meantime, eurusd may edge lower but I do foresee that the bear is reaching an exhaustion so need to a break. I will only pick long after a strong base is form around 1.2950.

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