Eurusd update - 18 May 2011 Wednesday

Good morning

Yesterday was another non profit and loss day. As long as we are not having losses, we are still good to go.

Today, I expect market to climb up again as market has broke above resistance level 1.4225.
However, market retrace to 1.4240 which is my target entry.
We can still go for 2nd entry level when market breaks above yesterday high. SL is around 40 pips. My target exit is around 1.4380.

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