Thursday, April 28, 2011

Hourly Forex Trading Strategy #EUR - Respecting Gap Sustains Uptrend

The reaction back to fourth of a lessor degree of 1.4770 keeps the uptrend in force. This projects the next leg of uptrend to about 1.4990 before the threat of a another downside correction to about 1.4800. Only a direct loss of 1.4710 threatens the 1.4650 pivot point and prospect of a larger downside reversal. (Ref:

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