Thursday, 10 November 2011

EURUSD Back at the reaction line

Here's a 15 min chart showing EURUSD which i posted yesterday morning after the sell -off. Now price has risen back to the same reaction line from a monthly fork with high value pivots. This could be a possible short entry but i will post my trade and reasoning as and if I enter. Otherwise i have my sights set on the 1.3676 area for an entry but it all depends on the price behaviour we will see between now and then.

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