Friday, April 5, 2013

EURUSD Channel Holding Up EURUSD Channel
Yesterday's rally after ECB meeting stalled right at the channel's upper trendline. 

A break above the channel will push the pair higher and mean that a short term bottom at 1.2750 is in place. 

I am not taking short position right now given the NFP news event later in the day. Will check this setup next week.

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