Eurusd update - 22 Nov 2012 Thu

Good morning all,

I am saved as Eurusd moved up last night while I am sleeping. Despite the US holiday and the EU summit that traders usually will be cautious of, I wish to change my view today that Eurusd will turn up higher today and will likely breaks above resistance level 1.2870.

I favour picking long around 1.2830 with 40 pips SL. Target exit is around 1.2900 to 1.2950.

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