Wednesday, October 2, 2013

Euro Day trading strategy; SchoolOfTrade.com

Euro Anchor Chart
The Euro is also moving higher this morning inside a bullish price-channel with both support and resistance levels very close to the current price.  We have support below us at the price-channel lows and the 3528.  We have resistance above us at 3559 and then 3573 before we test the most recent swing-high at 3591.

This bullish price-channel tells us that buying pullbacks with the wave-pattern-long will be the high-percentage-trades this morning.

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