Downside pressures persist in the European morning and 1.4700 has been breached. Hourly studies are closing in on oversold levels so we could see some rebounds out of the 21-day MA intraday. Daily trend indicators are heading south and we will use the opportunity of corrective upticks to set short trades at better levels.
TODAY SIGNAL
TIME RELEASE : 6.30 PM ( M'SIA )
BUY : 1.4665 TARGET : 1.4676
* Don't forget to use stoploss
GBP - USD APRIL 20 2009 (RESULT LOSS )
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