EURUSD 1-30-07
1-30-07
EURUSD
Pass on the short trade at 1.2971 since the EURUSD has been basing just below 1.2971 since yesterday afternoon. Once the supply is absorbed, the EURUSD should rally up to the area of supply near 1.3016 and then trade in a range between 1.2968 and 1.3016 for the rest of the day.If the EURUSD declines instead, buy the pullback to 1.2923.
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