12 July 2011

EUR/USD : Increased Short

  • Taking out recent low at 1.3968 now. Added to short from yesterday at 1.3960.
  • Weekly chart could be starting series of lower highs and lower lows now.
  • Next key chartpoint on weekly chart = UpTL support at 1.3728 this week.
  • Monthly looks like heading towards the lower reaches of a huge trading range.
  • [Cable making the same breaks too]

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