(1) EUR/USD
The Eur/usd failed to breakout from the existed consolidations formed last week.We anticipated a bearish close today given the false break of the consolidation formed last week wednesday.Our bearish bias still remained intact in lieu of any bearish price action outlook to support our stance.
(2) GBP/USD
The Gbp/usd continues bullish run modestly today.We shall sit on our hand as there is no obvious price action to give us an informed bias of the market condition.
(3) EUR/AUD
The Eur/Aud formed a counter trend pin bar today, suggesting a rotation back to value area zone of 1.4485.Given the fact that is a counter trend pin bar, we are cautious of trading the pinbar because of the low probabilty nature of counter trend set ups
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