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in Daily Signal - 29 Sep, 2011
by - one comment
#EURUSD For Thursday
EURUSD 1hour

EURUSD 1hour

After a great day today with the bullish hammers , it looks like we might be turning south. Marked on the chart we have ,where we are right now 1.3550 at A and pivot around 1.3580. So to look for short positions at A or B we have to see firstly a rejection of that price and a candlestick signal indicating more downward movement. I would probably look for the 1.36 area as the ideal place to get in but only if there is a signal to do so . You could of course also look for long positions but only on a break and failed test to the downside of 1.3550 or 1.36 and with a decent candlestick signal.