Yesterday closed negative for EUR and 1hr firmly in lower high lower low flow. The small bounce at London Close is the normal reaction at that time and is trade-able counter trend if you have the right plan. Today should be sells only.
Friday, August 10, 2012
EUR GU 10 Aug
Yesterday GU did not move up the resistance area 5670-5700 held. No problem EUR did fall as expected from the 4hr and 1hr charts.
Yesterday closed negative for EUR and 1hr firmly in lower high lower low flow. The small bounce at London Close is the normal reaction at that time and is trade-able counter trend if you have the right plan. Today should be sells only.
GU with yesterdays negative close should be a sell, we'll see what the reaction is to the lower trend line. 1hr flow not conclusive and still on higher lows with upper resistance at 5680 area. Not as clear as EUR.
Yesterday closed negative for EUR and 1hr firmly in lower high lower low flow. The small bounce at London Close is the normal reaction at that time and is trade-able counter trend if you have the right plan. Today should be sells only.
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