There was no follow-through selling after the red bearish bar.
Those who shorted will be trapped if price continues to go up higher this coming week - 17 Jun 2013
Stop will be at swing low.
It is forming a higher low, suggesting that there is underlying buying and the bears are not strong enough to take down prices ...
Crude Oil is now at potential support after price fell significantly for the past 3 trading days.
If price can break the previous day high on Monday 25 Feb, there is a chance that it could test $98 in time to come.
$95 will be the near-term resistance
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After 3 days of pullback, EURGBP was seen with a small pin bar yesterday right at the resistance zone.
Prior to that, the resistance zone was tested a few times before it had a breakout during the Christmas period. The breakout failed and price fell below 0.8150 once again.
Overall, EURGBP is still in a downtrend ...