The retracement which started at the beginning of last week

EUROSTOXX 50 (Dec 12) INTRADAY Review The Eurostoxx opened higher, above last week’s lows and rallied almost vertically throughout the day as short positions were reduced following the strong selling pressure that marked the start of November. Our yesterday’s strategy neutral entry short at 2,460 provided limited value against the backdrop of rallying equities and was stopped out by the US cash open. The index gained 2.34% in yesterday’s trade and found interim resistance in the vicinity of

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The retracement which started at the beginning of last week

EURUSD Bullish Harami 4-Hour Chart

Resistance: 1.2842 moderate/1.2871 minor/1.2921 minor Support: 1.2791 strong/1.2762 moderate/1.2711 minor Overall bias in EURUSD is bullish with the Bullish Harami just above a strong support level. Though a low level bullish reversal candlestick pattern, given the strong support consider taking a buy with 1.2842 as the immediate target, possibly further on to 1.2871. A stop loss should be placed below 1.2791, the Pivot Point. The prudent course of action is to look for a confirming big white

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EURUSD Bullish Harami 4-Hour Chart