Trendline, which worked yesterday as support, works now as resistance one.

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Comment by Rao Khassan on July 10, 2012 at 9:34am

The scenario didn't work, as EURUSD went above the line level.

Comment by talisman on July 11, 2012 at 2:35am

it was still a very reasonable and logical approach, especially when the break through occurred after the smallest bounce off this trendline.

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