Thursday 18 November 2010

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If price stalls and fails to get to the yellow CL in the bottom MT chart then we could see price reverse sharply, however we may equally see price get through this current area of resisting down-sloping reaction lines and its objective is 1.3690-1.3700.
Pressure seems the be mounting on the RL in the 1 min chart- two touches in the last 5 mins shows me that it is probable that we go lower.


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