Thursday, July 14, 2011

Control Bar for EU


Attached is the 15M chart of EURUSD for today with the control bar marked as A. We can either trade the range within A or wait for a break of the control bar, retest and then go long. I, for one, am bullish on euro for a trip back to 1.4250-1.4280 and would be waiting for a break to the upside of this control bar to go long.