Sunday, January 5, 2014

EURUSD Weekly Analysis 6th Jan to 10th Jan 2014

After that pin bar false breakout of 1.3840, I took a buy limit sell order @ 1.3800 and exited with 190pips (noting a possible bounce off the bullish trendline) , we could see a possible pullback to 1.3650 before the next move down. I will wait for the trendline to be broken in high momentum and sell a pullback to 1.3290

I will not take any bullish movement unless 1.3840 is broken in high momentum which might not happen this week unless is very volatile

I will keep you updated on this pair as it unfolds in the course of the week

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