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Daily Signal
- 17 Aug, 2011
#eurusd for wednesday
Some fast moves down today from the 1.4450 level as per yesterdays forecast , so onto today and we can look at 2 or 3 places for trades .
A long at resistance (1.43 area with a stop under 1.4250 or a short down from the 1.4450 area with stops above 1.45. Additionaly a long from 1.4350 looks kind of tempting but stop loss would still have to be 1.4250 area.
Even though the long term daily trend is bullish we need to be a little careful of longs , and I am actually leaning towards shorts being a better bet from higher up.