Friday, August 3, 2012

3 Aug

After dramatic moves up due to comments at the ECB press conference new lows have been made in the recent 1hr flows. More downside expected. On NFP day though will probably stand aside.

The GU D pivot is 1.5560, price often meanders back there on NFP days. Might be a struggle to get there, yesterdays lows (candle lower wicks/bodies) may provide resistance.





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