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Thursday, 18 November 2010

Nov 16 EURUSD trade

Still looking weak, pair needs a convincing confirmation below 3560 to reach next target 3500. On the upside, immediate resistance @ 3650, followed by 3680-3700. If we manage to stay above this level, more upside correction is expected towards 3750. (Issued at 2010-11-16 06:21 GMT.)
SHORT @ 3550, SL 3570, TP1 3535, TP2 3515. 

Our signal precisely covered the entire body of the hourly candle. Closed position with a comfortable 35 pips. Notice that the forecast yielded 60 pips (3560>3500).

(click to enlarge)

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