Wednesday 11 May 2011

THE DAY THAT WAS


EUR/USD
Price gave us an 86 Fibonacci bounce in UK session and the pressure has remained to the downside taking out the B low and completing the D extension at the 118 fib extension. We now have a new AB swing in play and we have to wait for a new B to form, then a pullback to the 618/786 for an entry short.

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