EUR - 25 Jan 09 to 30 Jan 09

The EUR/USD came down to my predicted target region of 1.4020 - 50. It then rebounded to close last week's trading at 1.4140.

For the coming week, the EUR/USD could move back up to the regions of 1.4300 to 1.4400 before turning back down again.

Good to try to long EUR/USD around 1.4100 - 30 with a tight stop loss. If not, wait patiently to try to short the EUR/USD around 1.4300-50.