Petr Suchanek
Short

EURUSD OUTLOOK

FX:EURUSD   Euro Fx/U.S. Dollar
1149 0 6
THE HEAVY SELL-OFF OF 1.3950 IS TELLING ME THAT
EURO             IS NOT WILLING TO GO HIGHER OR AT LEAST
THAT THERE ARE STRONG SELLERS AROUND THAT
LEVEL. MY BIAS STILL REMAINS RANGE-BOUND AND
I LOOK FOR ANY IMPORTANT LEVEL TO GET INTO
A POSITION.
NOW IT TRIES TO RE-TEST THE 1.38-ISH AREA SO
WE WILL SEE...
IF PRICE CLOSES STRONGLY ABOVE 1.3800, IT MIGHT
BE A SIGN OF STRENGTH AND EURO             WILL GO ON RALLY.

Petr            
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E-MAIL: psuchanek@smbcap.com
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