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Dynamic Trader Blog - Forex Chart Pattern Signals

Tuesday, October 02, 2007

USD Gaining Strength?


Chart courtesy of Metastock. Data provided by eSignal.

The chart shows hourly EURUSD movement. Scale out further from the short opened yesterday. The red moving average could act as a resistance. The USD seems to be gaining some strength back as seen on the USDCAD pair but watch out incase this is just a retracement.

Good luck today.