- Similar patterns for the current down legs of both charts.
- (Topped out in different manner).
- Previous consolidation phase marked in purple and break points represented by the respective purple horizontal lines.
- Current phase = consolidation (marked in red). Once over, expect another round of fierce down for both.
- Sell stop-ins placed below the red lines to capture the next down leg.
- Addendum 1:30 pm 24Mar10 : Stopped in short EUR/USD @ 1.3427.
23 March 2010
EUR/USD and GBP/USD : Sell Stop-in below 1.3432 and 1.4780
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