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Dynamic Trader Blog - Forex Chart Pattern Signals

Wednesday, February 07, 2007

Euro Bounce

EURUSD 60 Minute Chart
Chart courtesy of Dynamic Trader version 5. Data provided by Quote Center.
The Euro bounced to 50% fib yesterday which has a cluster with todays PP so it may act as a resistance. Selling the rallies is still the option to use.
The daily chart is still in a bearish flag continuation and once again apart from selling the rallies, a break below 12900 with heavy volatility should be worth considering.
Please do your own analysis before placing any trades.
Good luck today.