29th January 2015 – Technical Outlook


FROM HERE: cautiously sell around 0.7924 to go with trend or VERY cautiously buy around 0.7850 to catch double bottom
BUT: reverse and go short (or stay short if sold above 07900) if 0.7850 breaks convincingly to target sub 0.7800
COMMENT: chart suggests consolidation or range trading before testing lower. 0.7850 looks like pivot point.



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