September 9, 2010 9:10 AM GMT
Morning Report
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We will make it very simple today as we witnessed a sharp incline yesterday affected by the bullish harmonic AB=CD pattern of the four hour interval that was discussed in details in yesterday's report. Now, we have two positive signs that can assist the pair to achieve additional bullishness over intraday basis as follows:
EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.
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