14.12.2010

Eurusd currently at 1.3450 after yesterdays rally. On 4h timeframe we can draw an up channel, forming a breaflag with a target for long positions around 1.3590 - 1.36 which is a good place to reverse and take low risk short positions with target 1.33.

Dollar index broke yesterdays intraday support, heading towards important demand level at 78.10 - 78.00.