Thursday, November 12, 2009

EUR/USD Double Top
















Looks like the Euro couldn't make it through resistance and has begun a sharp drop away from a double top. Sharp and Fast price movement has me convinced that this will be the highest the Euro goes for the next few days at a minimum. Divergence on the RSI also points to further downside over the near term. Trend line support has just been broken as well! Now is a good time to short with a stop just about 1.5065. Good luck!

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