Euro resumed its down trend again as market is getting sick of the bailout. The hint that Germany is sick of being the banker of Europe helped the bearish sentiment, Sit tight with short with stop at 1.3810.
Yesterday's inside day turned chart bearish again. Prepare to jump back on the bear train at or about 1.5600 , the level where we had exited previously. If fill, stop at 1.5810.
Chart turned bearish again. Suggest to stop sell at 0.9710 or build short at 0.9800. If fill, stop at 1.0030.
Market congested sideway again making trend unclear. We were long, sit tight with stop at 0.7590.
129 psychological barier showed its power again. Prepare to build short at 119.50, If fill, stop at 120.50.
Prepare to build short at 103.90. If fill, stop at 106.10.
Chart turned bearish as expected. Taking out 1600 will target 1500 in no time. Sit tight with short with stop at 1725.
More Exclusive Reporting on Prosticks and Ichimoku Charting are available on IBTRADE.
Forex research by ForexTV.com
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