EURUSD
EURUSD has moved nicely in a downward trend during last few days and it seems that some retrace is due for EURUSD and we expect EURUSD to test 1.3400 level and might even extend its retracement towards 1.3490 level. Mostly we will find traders looking to sell EURUSD in the range mentioned above for initial target below 1.3300 level. The traders might also have to hold out the position over the weekend as EURUSD might not reach its target before the closing of this week.
Trade:
Sell EURUSD @ 1.3390 and Sell again @ 1.3490 (if required) for Target @ 1.3270 and Stop @ 1.3540
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