Tuesday, January 26, 2010

EURUSD heading towards 1.4000

EURUSD seems to gradually head towards 1.4000 level and it was pushed up by a low RSI value. After take retracement it has opened up a bit and also allowed traders looking for good weekly trades to sell EURUSD at some reasonable levels for target around 1.4000 level.

Keeping current scenario in mind, we might see EURUSD stayed in range between 1.4200 and 1.4000 levels for coming few days and traders trading in between these two levels.




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