Thursday, November 10, 2011

EURUSD: Should see a retest of 1.3150. Sell now with stop at 1.3670

With Italian now in the same league as the Greeks, any reason why EURUSD is still trading above 1.35 right now. I think it should have a retest of the recent low at 1.3150. Therefore in the same breadth, i think selling EURUSD for a retest of 1.3150 could be lucrative. I will do so here with a stop loss of 1.3670.

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