Sunday, September 29, 2013

EURUSD 130929

EURUSD daily bearish wicks into resistance.

On H4, an inverted hammer into resistance. Small bear candle. Not very bearish yet.

On the weekly, a hammer formation near the resistance. Broken channel resistance makes it bullish. Possible for a retest of support at 1.3420. Low risk short with SL above the highs.

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