eur usd analysis 7/16/2012

now, eur usd in the level of 1:22. in the morning, right around 9 o'clock, I took a short position. it is because I believe the pair eur usd price level will decline further in the price level 1:21. and for this week, I generally expect eur usd pair will return a significant downward trend, reaching levels below 1.20. therefore, I am optimistic that I took a short position will persist in the coming days.

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