TRADING FOREX MARKET
The fact is that pattern exist is evidence of price manipulation, which in turn creates predictability that produces profitability for those who can see the patterns.
Greggory L. Morris
Tuesday, March 16, 2010
EURUSD (+65)
inability to close above 50% retracement is just one of the signs of weakness, that are accompanied with Slow Stochastic divergence, and 50 SMA resistance line. Stops to start above recent weekly highs 1.3800 and profit targets to start at 1.3650 Later today there is FOMC meeting where all FX traders are looking for the change of language from the FED, to more hawkish than on previous meetings
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