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Price Distribution Analysis - 6.6.2008 - Euro / GBP / JPY

From news_archive.php?id=90327

[IMG]http://www.askdrt.org/storage/website-images/65x65avatoar.png[/IMG] [U][B]EURUSD[/B][/U] Traders should have set longs yesterday on the move through 1.5418 and exited on the push into the balance level of 1.5551. We continued to build value above the balance level which is a bullish sign for further upside potential. Traders can set new longs on a move down to balance at 1.5551 and target the 1.5685 level. Exit here and observe. Our longs would be proven wrong if price moves back below balance and settles there. If this occurs, traders should exit longs. I expect price to range trade between the 1.551 and 1.5685 ... (full story)

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