EUR/USD Daily Video, January 04, 2011

Yes, market has not accomplished 1.3440 target absolutely. As we've discussed - if market will break 1.3270 area to the downside - this could lead to 1.2840 area. So, I think that the retracement from recent swing down could be used for short position.
I'm sorry, guys, but I can't predict reverse points pips-to-pips. ;)



Well, B&B is very tricky pattern, because it's difficult to say precisely, where market should turn. As pevious bullish signals have been erased, I think that better way to enter in this trade is to wait until solid thrust on hourly time frame and enter on the retracement from it. Currently I do not see it.

Hi Sive,

no problem, no one can predict the precise price action, you are very close and really helpful. Will look to sell rally from now. thanks as always and looking forward to your next forcast. Best regards.
 
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