Thursday, August 23, 2012

EUR 23 Aug

Again D chart signaled buy on 20 Aug. 4hr signaled counter trend sell yesterday until the trend resumed see the red line + green arrow up. 1hr confirmed see red line green arrow up. We had up bias yesterday which played out once all time frames fell into place.

Bias up today, as GU we could get counter trend move down after some the moves up. I don't see a resistance level until around 1.2630-50. 1hr higher high higher low flow still clearly in tact.




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