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Dynamic Trader Blog - Forex Chart Pattern Signals

Tuesday, September 12, 2006

Euro Consoldiating



Euro did move up yesterday and is consolidating currently. I am still long the Euro and expect a further move up. The thick fib bars are my predicted areas of resistance.

If you are not long then stand aside and wait for the move up as it probably wont be big enough to capture a decent profit and just wait for the market to change direction to look for shorting opportunities.

Please remember to do your own analysis.

Good luck today.