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Friday, September 12, 2008

Inverse Currencies

I mentioned the USDCHF yesterday which is an inverse currency to the EURUSD. Remember it's very handy to look at the both of these together as one can help you trade the other. The EURUSD had a candle stick reversal yesterday at proximity to the figure 1.4000 with a divergence.
I haven't entered a trade in either of these as yet but they are on my watch list for next week. You need to qualify this reversal with your filter, I've used 1.5 as it's a reversal.














EURUSD forex chart from Advanced Get
Good trading

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