SHS top in motion. Far from being done yet.- Forming a pennant on the daily chart now = continuation pattern.
- Downside support line at around 1.6200. Add to shorts on closing break.
Addendum 17Dec09 8:33 am : Updated chart. Slightly different look. Bear flag. Same conclusion.- Last night's high at 1.6411 = another lower high ie part of daily downtrend formation.
- Add short on close below 1.6212.
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