Good morning everyone,
Yesterday was a sight that we seldom come across. Eurusd fell about 280 pips. Reason is that the Greek prime minister’s government lost political support as the European Union struggled to break a deadlock on a second financial rescue for the nation.
Those that follow my update, going long definitely will trigger your stop. However, if market breaks below 1.4325 and you turn short, you still can make good profits!
Today, we will continue to see a drop in this pair. Traders may wish to pick short around 1.4250 or if it breaks below yesterday low at 1.4156. Stoploss around 50 pips will be good. Target exit is around 1.4000, the next support level.
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