according to my 3sma, can't say retrace... Lets see New York opening...
http://i48.tinypic.com/2eauhp3.gif
http://i48.tinypic.com/2eauhp3.gif
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Dislikedlong @ 45
H1 puts the move into context, there was a small retrace on Fri night before the close which then found support and bounced at 35. We've bounced from there againIgnored
Dislikedlong @ 45
H1 puts the move into context, there was a small retrace on Fri night before the close which then found support and bounced at 35. We've bounced from there againIgnored
DislikedThe real shake might come in the evening during BB speech. Guess nothing else to see now.Ignored
DislikedNow it's got to crack through 57, then 71, before even thinking of getting to 96.Ignored
DislikedWhen trading eur its always good to look at the movement of swissy to provide a clue for eur direction and confirmation as well.
I tend to supplement my trading and use it for confirmation espec for example when swissy breaks support or resistance.
For instance, a break of a strong resistance level in swissy may mean little chances of eur recovering from its downward slide at a particular moment..While almost every trader knows there is a close correlation between swissy and eur albeit a negative one, not many traders actually refers to it when...Ignored