Monday, April 22, 2013

EUR / USD 22/04/13 06:45HRS

EUR / USD

EU is in a down trend. Price has recently pulled back to the 50% Fibonacci area.

Chart below:

 


Price is currently supported, however should price break below the red trendline I will look for a short entry.

Chart below:

 
I will update again should the trade set up develop into a position.
 

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