Thursday, 10 January 2013

EUR/USD

EUR/USD despite an excellent pull back up to 13250 is still in a range.

So no trend or break out has been established.....despite the Blue vs Red lines.


As you can see, the red line indicates the resistance area of 13300, the price needs to break this before we have a trend continuation..

We have an order to open above this level, for a break out trade (not a swing).

In the meantime we continue to trade Swings, until the charts tell us something different !




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