Good day traders!
Trade Update: 5th November 2010 7.03 pm. No trades taken yet as there was no support at the level that I wanted to buy which is at 1.416. The pair however managed to go down all the way to the 21 ema on the 4 hour chart and that is acting as support right now. I am waiting to see whether this support can hold or is the pair headed lower to the 1.405 level.