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Daily Signal
- 14 Aug, 2011
#EURUSD for Monday
So we have had 3 bites of the top sloping trend line and are on our way back to there as we speak , the 1.4350 area. If we break through here look for a sustained break to enter, in other words we break through and then do a retest back down. A failure to break back will give us a long position up to 1.44 and then onto 1.45.
Similar with the lower upward trendline . Look for resistance here to go long back up to the downward sloping trendline.
As usual comments are invited or if anyone has any questions please feel free to ask.