FOREX Eur/USD 11th September 2008

Euro:-

Expectation on Wednesday that euro would come down into support @ 1.4010 and then look to move into the 5-day 50% level.

Initially there was support and a double R41 pip move upwards, but then reversed and continued down.

No probability pattern on Thursday:-

But Wednesday low breakout and expectation that the brown filter should push price down into Thursday's low.



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