EUR/USD Weekly Nov. 6, 2009
The weekly chart of the EUR/USD shows that price of this currency pair bounced hard from lower line of the blue hannel.
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The first daily chart shows that price seems to be topping out, and might be ready to go test the trend lines below again.
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The second daily chart shows that price is hovering around the median line of the green pitchfork, and is showing some indecision by closing two days in a row as a doji-like candle.
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The 4 hour chart shows several pitchforks I am using to track price. A small blue one for this intermediate move, and large green and red ones to track the general direction (which will become clear once one of them is broken).
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Note: this analysis is valid for trading on Nov. 9, 2009. A more recent one might be available here
