Eurusd update - 17 Aug 2012 Fri

Good morning all,

Sorry didnt reply to Kamen yesterday. Depends usually I just go for 40 - 50 pips.

Anyway, eurusd is still within the flag formation. I am expecting eurusd to turn up.

Looking to pick long around 1.2330 with 40 pips SL. If forecast is right, once eurusd breaks higher, we might see eurusd climb slowly back to 1.2900.

Happy weekends to all!

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