Feb 03 2009
4 Feb 09 EUR/USD analysis
no different, bearish trend still dominant for today trading.
EUR/USD shape medium downtrend from 1.4719 (dec 18, 08 High) and bouncing back from 1.2706 is only temporary consolidation pattern. we expect deeper decline to 1.25 zone after this consolidation. yeah, i agree if you say it is impossible, but i tell you nothing is impposible! we could see 1.25 if short term support now at 1.2706 break. conclusion break below this level confirm extrem downtrend EUR/USD cycle.
dont forget always put your stop loss and enjoy your day!
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