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EURUSD: here is a great trading opportunity

EURUSD Trade opportunity
EURUSD 4 Hour Chart
Monday, 21 Oct 2013 at 4:22PM AEST – uptrend continuation

EURUSD accelerated sharply to the upside last week after a break out of a downward corrective channel which was a trigger for a bullish move. As such, EURUSD seems to be underway to much higher prices...

 

INTRADAY   I   4HOUR 
EURUSD 1 Hour Chart
Tuesday, 21 October 2013 at 1:05:00AM AEST


EURUSD found some support earlier but we think that it's still only wave (b) of incomplete corrective retracement.

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EURUSD 4 Hour Chart
Monday, 21 October 2013 at 4:22:00PM AEST - uptrend continuation


EURUSD accelerated sharply to the upside last week after a break out of a downward corrective channel which was a trigger for a bullish move. As such, EURUSD seems to be underway to much higher prices in days or maybe even weeks ahead. But as always pull-backs will occur in the middle of an uptrend which could be an opportunity to join the trend. We suspect that pair will reverse back in wave (ii) in this week before new strong move higher occurs. BSupport for the pair comes in at 1.3560 followed by 1.3600.

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