Wednesday, June 16, 2010

EURUSD - Intraday Market Thought 16062010

Perfect test resistance area for now [1.2350,1.2370].
 For now bulls control short-term:

- Still valid bullish price channel.
- For now bullish pattern ‘higher highs, higher lows

But stay alert if close hourly below 1.2230 will suggests that this pullback is over, confirmation new lows with a close below 1.2145 hourly chart.
Close hourly below 1.2145 expect more damage target the same 1.1750
Resistance  range [1.2350,1.2370] and 1.2440.
Close hourly above 1.2370 expect 1.2440 next resistance daily chart.
Remember last night/ last thought i expect reversal equities markets and USD  today.
 Can see last update SPX here spx16062010
Update USD usd16062010
Remember Last update hourly and daily chart can see here More Thought about forex
Click to zoom in. Good luck folks.


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