nice fake break under 3390, followed by squeeze. price action at its purest.

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Comment by Peter jcp on September 26, 2011 at 8:08pm
Hi Cristo - yes looked like the European Session kicked in and finally stopped the fall after a strong Asian downward move. I would look at selling more under 3430 area as weekly looks very bearish - but then again if 3400  looks as though it wants to offer support and whilst we still on any 3500 territory it could try higher - have a good week
Comment by fxretracer on September 27, 2011 at 6:55pm
I thought 1.3700 handle would be the target, but now I am looking at 1.3800 as doable. Your PA charts are very insightful and informative, thanks! Good luck making pips:-)

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