Thursday, September 24, 2009

Eurusd







Looking the weekly timeframe, one can see that price had multiple top 1.4840-1.4960 in the past. Now the price back to this resistence once again, I think we likely to see price repeat its history once again. Look for sideway market here. But this sideway market can be 200-300 pip range.

In D1, we saw a KR and evening star. Go to H4, likely to see this pair heading down to 1.4570-1.4600 before proceed back up again.

Many trading opportunities ahead. watch for them.

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