8-24-09
5:54a GMT – Pair bounced hard off our support from Friday’s signals just above 1.4200 and rallied over 100 pips to 1.4375. This latest forex rally signals that bulls are winning out against bears in the short term as another higher high is made. Next resistance is not until 1.4450 with good support found above 1.4250.
Trading Idea: Looking for opportunities to buy dips above support at 1.4250. Long targets preferred back up to 1.4300, 1.4345 and 1.4375.
(click to enlarge)

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