The DEC'09 EUROFX posted a big negative signal but will need to trade under the 14810 Inflection Pivot to confirm a sentiment shift. Key off this price point for the session bias. A failure here and expectations are for further losses targeting 14630 on any downside follow through. A false breakdown that cannot sustain a failure from 14810 is expected to produce a nice positive REVERSAL signal with 14978 targeted.
If we do not get a play into the 14810 level expectations will be for a difficult trading environment with 14978 and 15062 the high points for a new digestive trade.
Good trading.
JS
STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html
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