Eurusd update - 10 May 2011 Tues

Good morning everyone,

I am currently having a holiday, enjoying my hot spring in Malaysia. Its a hot spring resort, Felda residence.
Not a bad place just to get away for 1 day to relax and have massage and dip yourself in hot spring. However, you can't do much here especially in the night. There are no activities unless you have a group of 4, you can arrange visits to some night markets.

Anyway, eurusd reach our target top to short yesterday and came down to 1.4250. From the day chart, I foresee that this market will not go down further. Those holding short may have to close the position around 1.4290.

Today, I would favour to pick long around 1.4290 with stoploss below 1.4250 and to pull up for a correction. Target is about 1.4600.

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