Good morning everyone,
Right now fundamentals are affecting the market so much. Euro currency are turning weak due to the sovereign debt crisis. US aren't looking good either.
Today, I favour a weakening euro currency. Therefore I favour looking for short at the moment. Good to pick long when eurusd reach a high 1.4215 or if eurusd breaks below 1.4115. Stoploss around 50 pips. Target exit is around 1.4000.
If my view is right, eurusd will likely break the previous low 1.3837 and go for 1.3600 regions.
Be cautious of tonight's economic data as eurusd may swing.
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