Tuesday Chart That Matter

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

Good morning. Euro failed to recover above $1.31 and resumed decline – testing the lower $1.30 zone at time of writing. Daily chart is bullish while it looks heavier on the intraday ones.

EURUSD

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

Potential trade strategy: to buy on retracement to 1.2970, target at 1.3070

EURUSD 4hrs 10-23-2012

EURUSD 4hrs 10-23-2012

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About abwehra group

The Art&Science of Trading Gold
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