Charts to Start the Week

Article originally published on innerfx.com and republished here with permission

Good morning. Euro holds gains around $1.2500 at time of writing and more upside action is likely, as next barrier is formed at $1.2700.

EURUSD

Market sentiment: intraday – slightly bearish, short-term – bullish

Potential trade strategy: to buy dips at 1.2440/50, stop below 1.2400, target at 1.2650

EURUSD daily 8-27-2012

EURUSD daily 8-27-2012

hourly chart:

EURUSD hourly 8-27-2012

EURUSD hourly 8-27-2012

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About abwehra group

The Art&Science of Trading Gold
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