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Daily Technical Outlook

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 21, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Yesterday's consolidation raises question marks over current bias as the consolidation range could be a recurrent pattern as seen on the 4 hrs chart below. Since we have no clear breakout on the falling trend-line coming from 1.4445, bulls should be cautious as intra-day momentum already lost the strength accumulated...

    complete article here...

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