EURUSD 2010-08-24 Analysis

(Technical analysis done by Eric Lye in our Forex Trading Blog.  The purpose is to share how we analyze the market and put ourselves on the side of higher probability of things happening.)

Tracking this pair for the week.  The day candle closed at 1.2630.  It is a confirmation of the continuation pattern and we might look at price going down to 1.2400 region.  There would be support levels in the LTF that need to take caution.  Trade with care.

EURUSD 2010-08-24 Analysis