Forex Signal EUR/USD 16 June 2008

Usually GBP/USD and EUR/USD move in the same direction.

The big traders are now in favor with the Euro as well. Translation: Buy EUR/USD.

1.5400 area is a good price to enter. Stop loss will be good around 100 to 120pips away. Target profit will be 1.5600 area. Price might go more than that.

We will see what the price is going to do in this week.

God bless and have a great forex trading week! :)

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