Wednesday, October 14, 2009

EUR/USD Bearish Reversal Candle Confirmed on Hourly Charts; October 14, 2009

With the turn of the hour the EUR/USD chart made a nice bearish reversal candlestick giving the bears a great short opportunity for the short term with a stop just above 1.4943. Profit levels will be determined later as we see if the bearish reversal candle carries over to the larger time frames, especially the 4hr and daily charts.

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