A new lowest has been formed on 0.7205 and then a correction occured, making a new highest. This nesw high allow us to modify the upper band of our bearish channel. We still advise to trade only short positions as far as the price is moving into its channel with 0.7198 as objective. The break out of this level will give a sell signal.
width=450

Forex Trader Library
Receive over 15 hours (8 CD's) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.