Good morning everyone,
Yesterday, my 2nd scenario really came true. Eurusd went up without retracing down first.
Topside is quite limit. 1st resistance is around 1.4570. However, latest news stated that President Obama threatens to veto house speaker Boehner's debts plan shows that US is still trapped in its debts deadlock and could drive eurusd higher.
In such case, I favour picking long if eurusd retrace to 1.4475. SL 50 pips and target exit is around 1.4650.
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