The markets can handle some uncertainty, but the lead-up to the Fed’s eventual announcement on tapering may be stressing the system
Thursday, January 8, 2009
EurUsd Shi Channel Setup
Ranging market always make trader suffer to make the decision. Usually for this case 1st tips is marked the support and resistance level, draw the trendline, draw the channel, and zoom out your chart. Basically it will show you a clear trend and situation especially where to tackle breakout area.
For now EU still consolidate, but the major movement is bearish bias.
According to the SHI channel, price playing at median line and will try to reach the bottom line. Together we wait and see.
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