12 July 2012

EUR/USD : Pyramiding Intent

  • EUR/USD now at 1.2241.
  • Previous low at 1.2287 made 6 weeks ago, prior to the SHS NL test.
  • If we can close this week <1.2287, I will increase my short EUR/USD by 33%. Depends on tomorrow's (Friday) NY closing.
  • Weak close <1.2287 = confirmation of delivery of "promises made" by SHS top.

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