Thursday, May 5, 2011

Trade Idea: EUR/GBP – Exit long entered at 0.8920 and sell at 0.8970

Despite intra-day brief rise to 0.9043, lack of follow through buying and current retreat suggest top has possibly been formed there and consolidation with downside bias is seen for test of support at 0.8857 (this week’s low), however, break there is needed to signal wave v has ended there and

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