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Paul Koszarny · 01-04-2003, 02:54

EUR/USD broke 1.0830 yesterday and tested minor resistance 1.0929, slightly below major 1.0950. We had very overbought conditions on hourly charts and stochastics show some negative divergence. At the moment EUR/USD is heading lower with rapidly declining stochastics typically to a bullish market. Not much change of the price yet. Bollinger bands are pretty tight and exponential MAs close to give a sell. I was short at 1.0919 with the stop moved to 1.0900, target 1.0867 but I have just been stopped with a minor profit of 20pips.

01-04-2003, 02:54	#2
Paul Koszarny Super Moderator Join Date: Nov 2002 Posts: 322 Downloads: 0 Uploads: 0 Rep Power: 0	EUR/USD struggling to hold above 1.0900 EUR/USD broke 1.0830 yesterday and tested minor resistance 1.0929, slightly below major 1.0950. We had very overbought conditions on hourly charts and stochastics show some negative divergence. At the moment EUR/USD is heading lower with rapidly declining stochastics typically to a bullish market. Not much change of the price yet. Bollinger bands are pretty tight and exponential MAs close to give a sell. I was short at 1.0919 with the stop moved to 1.0900, target 1.0867 but I have just been stopped with a minor profit of 20pips.