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Dynamic Trader Blog - Forex Chart Pattern Signals

Wednesday, March 28, 2007

Euro Drop

Euro daily
Euro 60 min
Charts courtesy of Advanced Get and Metastock. Data provided by Reuters Quote Center and ESignal.

The Euro has been looking bearish and may have found a home temporarily and the MA. I will be waiting to see a break of that for a continuation or a bounce with volatility. Before the drop you will notice we reversed at 786. Notice the divergence on the daily.

Good luck.