Friday, 8 July 2011

Forex comentary

Yesterday the news about the ECB raising interest rates gave some value to the euro that closed yesterday near highs after massive falls during the day. 


As we can see a hammer formed yesterday during the sesion which means that we are close to a botton or near it, we will keep a close eye today at the 4H charts to try spot bullish patterns and hopefully we will see a close above yesterday highs to confirm the reversal pattern.

Soon i´ll have more information about candle patterns for those who want to know more (or interested), about the meanings of each candle.

Thanks

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