EURUSD 2010-08-12 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.)

In 3 days, EURUSD wipe out the gains accumulated through 3 weeks.  2 scenarios I would plan to play this out, but would need market to provide more information.  Watch for fakey if you want to play continuation of the bearish momentum.

EURUSD 2010-08-12 Analysis