Would like to see a solid 1hr reversal candle to complete a lower high lower low cycle for move down today.
Thursday, August 2, 2012
EUR 2 Aug
FOMC statement pushed EUR lower late in US session. D an engulfing negative close, 1hr made a lower high. Otherwise price action was not convincing yesterday, if the move down is an over reaction by the market to news we could easily move up again.
Would like to see a solid 1hr reversal candle to complete a lower high lower low cycle for move down today.
At the moment GU looks the better chart, we'll see how the day develops.
Would like to see a solid 1hr reversal candle to complete a lower high lower low cycle for move down today.
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