By Ilya Spivak | DailyFX – Fri, Jul 20, 2012 11:00 PM NZST| Symbol | Price | Change |
|---|---|---|
| EURUSD=X | 1.2936 | 0.00 |
I re-entered short EURUSD at 1.2595 and moved my stop-loss to breakeven after the pair met my second objective. The pair now consolidating near the bottom of a falling channel set from late May and I will continue to hold short, targeting a daily close below the 50% Fibonacci expansion at 1.2146. A Bullish Engulfing candlestick pattern warns of a possible upswing ahead, which I will treat as an opportunity to add to the short position.
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In late March, the Auditor-General was asked to carry out an inquiry into the management, governance, and oversight …
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