Tuesday, January 09, 2007

Looking For A Market Mover

Yesterday saw a market for scalpers only. Today's London session looks pretty much the same. The EUR/USD pair is still suffering the effects of its failure to hold above 1.3300. Trading in the new year has seen the market pierce through support levels. But we see price action bouncing from the daily pivot so a long position could be setting up. Our trigger is a 1.3056.

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