Tuesday, November 3, 2009

EURUSD gathering space to test 1.4630 level

EURUSD took a good dip and touched its target at 1.4630 and after that
is taking retracement and perhaps gathering some breather to test
1.4630 level once again.

Break of 1.4630 will really setup long term selling for EURUSD and we
might see long term traders holding positions for larger targets
around 1.4350 level.

Currently we see good selling opportunities in EURUSD and first such
selling levels are seen just above 1.4725 level and second selling
level are seen around 1.4800 level.

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