Thursday, May 13, 2010

Forex analysis - EURUSD on 13 May 2010

The EURUSD had a sudden jump up on Monday trading hours due to good news on weekends where EURO countries and IMF both pledged rescue fund to save Greek. However, Greek is a black hole in my personal opinion. It will continue to suck money from EURO countries and weaken EURO economy further.

Last week, I predicted we shall continue to short EURUSD.Today, the price of EURUSD had finally fallen

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