Sunday, July 8, 2012

EURUSD Update

I noticed a three bar push pattern out of a bearish flag pattern on daily chart. This is the same pattern the NZDUSD printed last week on the 4 hour chart. I expect a retrace off this pattern and I will look for signs to go short between the 1.2455 and 1.2500 levels. I will wait for a signal before entering short.

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