How to profit from FX Markets by 
The euro has retreated from a relevant resistance situated at 1,4770’s which corresponds to the 61,80 % of the whole drop 1.4815 - 1,4703. (see 1 hour chart).
In theory this move could indicate a change in trend in short term but let’s remember that the bullish trend formed since 1,4480’s low still remains intact and price action is hovering around 1,4700 - 1,4710 support (100 SMA on 1 hour chart)
Only a brake below 1,4650 (200 SMA on 1 hour chart) could further weaken the euro.
César B.Leiceaga
hi
mi amigo thank’s very valuable info bro. i am trading for about 3 years and i think scalping the market is better than other strategy and you give me a good sense of direction
gracias
do you tthink that we are in a dble top faceing to crunch the mayor chanel and in the week time frame is overbougth? and we have a gap at 1.4575 de oct 2 19.55 gmt i think eur is going down
Dear Roy,
I think that the double top theory could be valid, although it is to early to declare a top unless we see a close below mayor trendline support.
Regards.