Thursday, April 21, 2011
Hourly Forex Trading Strategy #EURO - False break or Trend hinges on 1.4410
We suspect the upside break of 1.4520 is real for a rally to the 1.4630 target. Ideally, short term 1.4475 support will hold as the move develops. Below 1.4410 suggests a false break and whipsaw downside reaction to about 1.4200 before the eventual rally to 1.4630 and possibly even 1.4785. (Ref:
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