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EUR/USD Create Double Tops For Morning Trades
By Benny Nardino | March 14, 2008
EUR/USD has created double tops on the 15-mins analysis. But on the daily timeframe the EUR/USD chart shown a twizzer-tops from yesterday’s session. This is an indication of a possible reversal is very imminent.
In the short-term, the bullish engulfing signal is proving irresistible. I am anticipating a sideway play between 1.5550/5650 today unless something happens.
I wouldn’t be too hasty to pull the trigger yet until I see a further one or two more candles. A day like today caution in the name of the day being Friday. Capital preservation is key after long runs.
Have a great day of trading.
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March 14th, 2008 at 14:45
[...] DailyFX Radio wrote an interesting post today onHere’s a quick excerptEUR/USD has created create double tops on the 15-mins analysis. But on the daily timeframe the EUR/USD chart shown a twizzer-tops from yesterday’s session. This is an indication of a possible reversal is very imminent. … [...]