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Monday, March 22, 2010

Forex Day Trading Room

After breaking the down side bias EUR/USD rose just above 1.3540 level before dropping back to its comfortable 1.3530 level , which you may remember, is where we started the day. If you road the market down you probably pocketed at least 10/15 pips AND if you road this light volume up from just above the figure you should have pocketed another 20/25 pips. Not a big day but it isn't over yet. It is now 09:35 GMT and New York is still six hours away. I believe that downside bias is returning and looking at the 15 min chart we are stalling and reversing for another run at the figure. FXDMG

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