Eurusd update - 05 May 2011

Good morning everyone,

Yesterday, Eurusd formed a doji with a very long shadow at the top.
Looks like 1.4940 is our current resistance and I believe eurusd might turn down if fails to break above our reisistance.
However, strong support is at 1.4815.

Today, I will exit all my long positions at 1.4900 with stoploss all shifted to 1.4815.
 I will also place a short entry near 1.4940 and a stoploss just slightly above 1.4940.

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