Friday, 20 January 2012

EURUSD and the rise over or just started?

 EURUSD hits the red upward channel resistance and pulls back....the green resistance at 1.3080 area is very important for MT. As mentioned earlier this week we could have seen  a triple bottom at 1,2650 area. I think shorting this pair should be done near resistance with carefull stops as this market was under pressure for a long time and may react upwards with great velocity.

MIB has broken above the green triangle and may back test it. 14400 must hold for the market to accelerate upwards.

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