Attached is the hourly chart for EURUSD. Yesterday we had a very
choppy day with no clear direction and the euro was moving up and down.
So we did not get any big range control bars yesterday. In the chart, i have marked
off the control bar from the day before. You can see that the price is currently
testing the high of the bar and so far, the high has held. Considering the fact that
this pair has not fallen much, i would expect this resistance to be broken and we might
be making a move towards 4270.
