Monday, November 23, 2009

EUR/USD - Intra-day trend "MAY" short


Bullish trendline broken with lower High trendline. The ADX Strength still very strong on the BULLISH side, so its good to be careful. 1.4992 remain a good barrier to the further bullish side


ADX strength need to relax to below 20 level and good recovery to the 25+ side with the bearish trenline in place will trigger a sell.


Enjoy!

1 comment:

  1. yeah , surely eu is not in anyway strong for now and based on the weekly pattern, we may see a very strong bearish move later today and also pairs like Ucad has hit the 14sma on daily thereby ending the bearish move on ucad , so Eu got to drop
    KAMSHY

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