from Yankee Clipper (this post was written by a frequent commenter on Winners Edge Trading)
Up until 10:00pm on the 27th it’s been a sell market and then turned around on the 28th/29th to show a bullish transition. Starting at 17:00 GMT on the 29th, it’s bounced and is hovering between upper and middle BB… SAR is showing a downward inclination and MACD is also leaning toward “SELL”. Bit early at the moment, but once the MACD crosses over, which it should do shortly, then I would look to a good sell position. Looking over the year’s past performance the pair is likely to drop today and carry on into next week.
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Since start of trade 30 Apr 2010 (09:00am GMT+1) the pair seem to be testing resistance on the hourly or greater graph at 0.9318, and is still a go for scalpers on the 15 minute graph IMHO
