Thursday, October 10, 2013

EUR/USD And GBP/USD In Near-Term Double Bottom Attempts

A bearish trade idea could be to fade the rally off the double bottom. Wait until the stochastic swings back toward 80, and the RSI around 60 and price back towards the 200-hour SMA.The downside risk in the short-term is back toward the 1.3485 low, and then a key support pivot around 1.3460.



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