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Monday, 20 May 2013

LONDON OPEN ROUNDUP

Good morning. A little late this morning but nothing very material has happened yet.
Action since Tokyo open has seen the USD weaken somewhat across the board, albeit with none of Friday's highs or lows being tested yet.
Monday is often a tricky day, with the market direction typically not becoming clearer until NY open, if at all.
Last night's AUDUSD Demand Return trade was not triggered yet. I am now waiting see if it gets up to 0.98 during today's London session and if so, possibly go short if the price action there is right.
The jury is still out on my decision to exit Friday's EURUSD Trend Engulf short trade for a small loss, but currently it is only 10 pips off the high of the signal bar.

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