Euro Dollars discesone side after the close of last week.
The cross could stir during the afternoon with Paulson's speeches, Moskow, and Greenspan. What is more attention to the words of Greenspan, who may overreach on the decision about interest rates.
If the bearish channel was still visible on the daily observed this side would be interpreted as a dispersion, an idea reinforced by the fact that we are still within the channel and the reaction to the rise of Friday. Another interpretation is that of a side of consolidation, in which case we would expect even a false break to the upside of the side channel red, then finally pierce the bearish channel and go to the planned target around 1.3260.
The best thing in my opinion is to try to exploit the breaking of the side, with stop-loss is not too tight. Recalling that both the medium and short-term trend is bearish, so it is better to open a short position, as being in trend is less risky.
therefore await our signs, always stop loss in the hand and carefully.
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