1-8-09
5:26a GMT – Yesterday we saw the EUR/USD clear some of the oversold levels as it rose to 1.3750 and then fell back down to 1.3550. Signals from the charts show the market is looking for direction at the moment and when the market is aimless I like to sell the range until a breakout occurs. In this case I am looking to sell the resistance at 1.3750.
Trading Idea: Shorts preferred on bearish candlestick signals around 1.3750 resistance. Short targets down to 1.3550, and 1.3375
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