after days and weeks of losses euro was overdue for some retracement on the market. Even though there is nothing new about Euro plan for PIGS ( Portugal, Ireland, Greece, and Spain)market is recording gains in Asia, as well as in Europe today. Oil claimed another 1.11% gains on risk appetite of traders, but it's gains might be contained for the U.S. session. For the third day pair was unable to break any lower as traders are reluctant to sell to sell any more Euro's. Stops are recomended bellow 8.0300, and profit targets are to be placed at 8.0650 and above.
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