That's a low-volatility session...
Previous two waves down on EURUSD had 3-wave structure - so we have no clear impulse for (significant) further sell. I watch closely 1.2913 level - if we get above this area, we can enter buys targeting 1.2950s.
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Comment by Peter jcp on September 13, 2012 at 12:23pm -
Hi Rao - I know we had been discussing the EU earlier in the "gate" chat. The last hour or so we have been turning slowly from a low but as you say with no real volume. You mention 2913 which we have just touched again for looking at more buys to the 2950 area. I need now over 22 to get me into more scalp buys for another attempt at the highs.
With all the News to follow today we need to be careful - have a good day
Regards
Peter
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