Its quite early in the morning for me but i just wanted to update the new control bar in the euro. As rightly pointed out by one of the readers of our blog, Pat, we have a new control bar in the euro. Easy to spot with its high range. I have marked it with an A. Its low comes in around 4376 and you can easily see how it has acted as a good resistance.
We could have shorted it during the late US session and be up by about 40 pips now with DD of less than 7 pips. Anyway, any move beyond this low, into 4385 would be good for a long (after watching PA of course) and that long should travel to the other end of the control bar which comes in around 4450. Keep a watch for it today.
