19 January 2010

EUR/USD : Daily Bear Flag

  • Weekly and daily charts have clear bear flags.
  • Daily - a NY close today (or in next few days) below 1.4285 will be a fresh short term sell signal.
  • Stronger signal would be a weekly close below 1.4216 before adding on to shorts.
  • Would consider taking both signals.
  • Addendum 20Jan10 9:18 am : Additional shorts 1.4285 and 1.4213 + 1.4188.

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