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Thursday, October 18, 2007

EUR/USD (Testing yesterday's High)


*Attached chart. Click on it for the enlarged version.

Hello people. EUR/USD is getting a little interesting. After the bear flag that has been spotted, now market is testing yesterday's high, which is at 1.4225. If market is unable to break above this price, I am still in the seller's side for this pair.

If market is able to punch through yesterday's high, the next ceiling that is good to look at will be at the price line of 1.4240, which is the recent Double-Top in the hourly chart for this pair :)

Peace and trade safely everyone...

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