Saturday, September 1, 2012

Euro: Back Into Consolidation

The Euro did try a breakout of its resistance last night. However it is quickly rejected and now it's back into the consolidation range. We will have to wait for further action as this breakout will result in a long-term bull for the Euro.

Aussie continues to be funky, going down, then rejected up, then again rejected down giving us another bearish pinbar. Hope you got your profit from the first pinbar, it was a very fast and profitable trade.

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