We have strong resistance at 0.8833 - 0.8815, so the pair is supposed to rally soon (Asian session)
If it doesn't...probably tomorrow morning ( European Session ) , if you don't wanna risk too much , you can exit the trade with an hourly close above 0.8833 ,a close above 0.8833 doesn't mean the the price will hit stop loss , the pair may drop again, chances : 50 - 50 , so it's up to you to exit or to hold your position ?!!
Looks like the rally already started , an hourly close below 0.8765 is supposed to accelerate the downside move and easily gonna attack 0.8700 level , a break below the last one will open too many doors to reach 0.8550..
20 May 2011 08:00
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