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18 June 2007

EURUSD - new setup

EURUSD - new setup


EURUSD continues to offer good trade opportunities (beginning is here ).On Friday we had a furious break up taking the Bullish fractal. It was so king to retrace for those missing the entry point...

Such large moves often form Divergent bars and so does EURUSD.

Be careful because the support on daily chart for this up move is strong and this DBar could turn to a false signal easily...

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