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Tuesday, December 13, 2011

The Bigger outlook for the EU...

You can clearly see we have broken the trendline with todays move.  Prior to this, two weeks ago, you can see price came down to the TL, got rejected and bounced up.  Then it finally continued on its journey.  I suspect price will try to retrace back towards the TL and then continue on its downward journey.  The RED lines clearly show where support is located.  These will be KEY bounce areas where price will get rejected and an excellent opportunity thru the holidays to make easy pips.  In the mean time we will continue to scalp what we see and make great pips. 

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