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EUR - USD 27 JULY 2009 ( RESULT LOSS )

On h4 chart below we have a rising wedge formation suggests a potential further downside momentum especially if the rising wedge violated to the downside. The bias is bearish in nearest term but remains unclear in medium term. Immediate support at 1.4148.

11PIPS WITH ROKOKSALEM

SHORT/SELL : 1.4225 ET /TP: 1.4216 SL: 50PIP
 

rokoksalemFX