At 1200 GMT the four hour chart has produced a bearish 2 bar outside reversal. This is confirmation of the short position that I took hours ago which has done nothing as yet. As I write the trade is up 12 points. There is nothing I can do, to reduce the stop which is at 1.4135.
Lets sit.
I will comment on the trade during the afternoon. There is no news today and I am sure the Euro$ will take its direction from the Dow open.
Good Luck
David
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