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EURUSD 60 Minute Chart Analysis
Hello traders great to be back with you for another analysis today we look at the EURUSD. I have to say I am amazed at this weeks pip production of this pair. I did some research of this and found that the average daily range for this pair over the last 4 weeks is 173 pips per day. Yesterday this pair moved over 160 pips six months ago we were looking at 70 pips per day. Well as you can see the chart we are pulling back and I hope it goes to the 38.2 Fibonacci level at 1.0690 and we get a bearish candle formation and we can continue to sell this. I would make note it is Friday and we will see profit taking at different times of the day. There is some data out today the data in the Asia session had no impact on the charts. I am doing this in Asia session so this is a good set up for the London open or an hour before. I have noticed the pairs are starting to make there move before the open almost 2 hours. Thank you traders and we will Talk Soon……. William
Source: http://www.fxinstructor.com/blog/eurusd-60-minute-chart-analysis-4
