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
Thursday, May 20, 2010
EUR/USD (+103)
with euro unable to move above 1.2440 it serves us as a resistance point. Move lower is expected,but one has to be careful about "short squeeze" what would not be suprising move on the current motions of the markets, but one should use every opportunity to sell the Euro. Stops should be placed just above the recent highs 1.2440 and first targets should be placed bellow 1.2300
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