Good morning everyone,
Yesterday eurusd went shooting to the moon. This is due to some speculations that the Fed will increase monetary stimulus to counter a slowdown in US economy.
Today, I reckon that eurusd will continue to climb higher. However, right now, eurusd seems to be turn down forming a pincer top. This is a deception. Eurusd is likely doing a retracement to test support at 1.4290. Therefore, good to hunt long around this region. with SL 50 pips. Target exit is around 1.4450.
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