January 9, 2009 06:44

Forex Signal – EUR/USD Mixed Signals; Still Selling

By:

1-10-09

6:26a GMT – Pair did rise to just above the 1.3765 level before dropping back down to 1.3650 level but signals remain mixed. The dip yesterday from 1.3775 to 1.3650 is looking suspiciously like a consolidation pattern (signaling additional gains for the EUR) however overall I am still bearish on the pair and looking to sell resistance on bearish candlestick signals around 1.3765.

Trading Idea: look for selling opportunities around 1.3765. Tight stops recommended as a sustained break above 1.3785 could signal further gains (possibly to 1.3900). Short targets at 1.3650, 1.3550 and eventually 1.3375.

(click to enlarge)

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1 Comment on "Forex Signal – EUR/USD Mixed Signals; Still Selling"
  1. Reply
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    Comment left on:
    January 9, 2009 at 19:55
    pekka kokkonen says:

    Hello! Mark.
    You have good singnals and a`lot of knowledge. I`m starter,novice, but I learn more. Thank You and I wish You Happy Year 2009!

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