Wednesday, April 3, 2013

EURUSD Price Action: Closing Price Reversal Trade Setup, 03/04/2013

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EURUSD failed in its attempt to break above resistance at about 1.2870 giving off a Closing Price Reversal Price Action Setup. If this failed break is sustained, price would head lower in the coming days.

My Recommendation: One more trading day's close is needed to ascertain if this setup is trad-able.

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