Wednesday, August 19, 2009

EURUSD stop at 1.4275 held

EURUSD reached 1.4266 high leaving our stop at 1.4275 intact. Let's hope the move is exhausted and EUR will head back lower. However, considering the strength of the move, it's likely that EURUSD will be rangebound for a few days. Rising US equities underpin EUR. Really conservative traders may want to get out at break even and reshort at a higher price.

Good trades

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