The Eur/Usd went into a retracement on Friday and it was the first clear retracement in the strong uptrend that has defied multiple divergences on the MACD.
Coming into the London session, we had a minor downtrend with support expected around the 1.4679 level. We entered a sell position around 6:15am when price closed at 1.4676 on the 15minute chart. The first position was closed at 1.4656 for 20pips around 7:30am. The second position was closed at 1.4656 for another 20pips at 3:00pm.
Wednesday, September 23, 2009
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