Eurusd - 03 May 2011

Good morning everyone,

Market fell to our targeted bottom yesterday. I have entered long at 1.4780 with 50 pips stop with target exit at around 1.5000 regions.
However, today market formed a long shadow down. There are high possibilities that market may actually turn down today.
My view will remain the same as I am still holding long. I also favour hunting for long when market trades near 1.4750 with 50 pips stop and target exit will remain as weekly outlook at 1.5000 regions.

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