Attached is the hourly chart of the euro. Around noon on Friday, i had pointed out the control bar for the euro and had also posted an article of where i would be looking for longs on the euro. This is an update on the chart. As in the previous article, i have marked the top of the control bar, and you can clearly see how the price came to the exact same support region and then bounced more than 40 pips.
I had called for a long around 4325-4330 and if you had taken that, it would have been a cool 40 pips for a DD of less than 10 pips. Thats the power of the control bar.
