fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: EUR/USD - Hint Of Bearish Bias But Don't Bet On It Mon Dec 30, 2013 11:23 am | |
| EUR/USD - Hint Of Bearish Bias But Don't Bet On It EUR/USD rallied suddenly last Friday during European hours, only to see a sharp pullback during US trading session to end just under 1.375 - the levels when EUR/USD were just before the bullish breakout (see hourly chart below). As prices managed to hit close to 1.39 at the highest, this bullish breakout and the subsequent pullback accounted for a total of close to 300 pips within 12 hours, and this number increases to close to 350 pips if we take into consideration that prices were actually just under 1.37 during early Asian hours. | |
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