*Attached chart(Daily). Click on it for the enlarged version.
Howdy everyone,
EUR/USD is looking good. Under the Daily chart, you can see that it has made its recovery towards the 38.2% (Fibo) and today's candle is forming into a good down close candle.
Market is forming a candle pattern that is called "Falling Three Method" which is a signal of continuation in the down side. We are also on the down side bias for EUR/USD for the longest time.
Personally, I have already initiated a short position and still holding on this pair which will be updated in a seperate post :)
Peace and trade safely everyone...
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Wednesday, May 07, 2008
Quick Look on EUR/USD (07-05-2008)
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