Tuesday, May 3, 2011
Hourly Forex Trading Strategy #EUR - Tight 1.4750-1.4900 consol holds the Key
Consolidation at this stage of the uptrend still slightly favors a continuation of the uptrend to attempt but we suspect fail the medium term 1.5140 peak. Ideally tight 1.4750 support will hold as this move develops. Below this level threatens the key 1.4650 pivot point to confirm the end of a 3 wave sequence from the 1.4155 low and the potential for major downside reversal to an initial 1.4350
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