EURUSD small upclose today

Posted by Siwei at 10:27 AM Monday, August 24, 2009

Hi All,

expecting EURUSD to be a choppy day as buyers try to create a higher high area despite their weakening strength. EURUSD could stretch out to be a sideways market for a good part of the day as both sides rejection restrict EURUSD between 1.4350 and 1.4320.


Buyers rejection could come in to test the multiple support levels during the day and potentially close as a small downclose day if they succeed in taking control of the market today.


Trade carefully and when in doubt, stay out.



Regards,
Siwei

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