I have actually add on to my original trade of 0.1 lot short Euros when the price broke the short to mid term uptrend resistance line (in blue) and also the 1.2740 resistance line.
The Euros seem to find support at the 50% fibonscci level (1.2604) formed from the swing low on 07 Jun 2010 to the swing high on 06 Aug 2010. The price has been testin this level for the past days. The Euros is undergoing some sort of retracement in the mean time and I am confident that after the retracement, the price move to break this level and to continue on its journey towards the downside, hopefully towards the low at 1.1875.
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