EURUSD had a deep correction last week and the pair now trades near the EMA50 on the daily chart which is jsut above the 1.4282 swing hihg in last October. The pair should find some support here so I’m looking for a bullish setup on the intraday timeframes.
May 12th, 2011 at 11:43 pm
I saw the same heading into yesterday’s session, and took a small loss on EURUSD. I was holding a nice EURAUD win from the larger Fib, and I figured that the bulls would come in and kindly kick start at least a small retracement in EURUSD.
They can’t all work.