We have recently discussed shorting the rallies on the pair to 1.64-1.6450 level. Everything materialized in our technicals and just confirming my targets to the downside again. The head-and-shoulders pattern is very vivid on the daily charts as well.

See the chart attached for more profitable trading of this pair.

Trade what you see, not what you think!

Lea in Technical Analysis | No Comments » on Thursday, September 24th, 2009 at 11:13 am.
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