Wednesday, May 25, 2011

EURUSD Morning Update 5/25 8:06AM

This last half hr bar (7:30-8:00) was important. Supply came in when the market hit the 1.4080 resistance and put a ceiling in and a recent 30 min bar double top. Look at the volume. That was a statement. Already the beginning of the 8:00 bar looks weak.

I am looking for 1.40 today

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