Thursday, August 16, 2012

EUR 16 Aug 1hr lower high after divergence

D closed negative for an evening star pattern and candle closed below the previous two candle closes. We have a lower trend line, W M2 and support area 1.2270 area. 1hr cycle lower highs lower lows, the reaction to the mentioned 1.2270 yesterday was minimal.

Whilst we can move up from here bias on sells.




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