it reached 4 months high already. now I think it's consolidating. on the daily chart, the bull seems running out of steam, and it's on overbought situation. deep retracement it seems, in my opinion.

any more idea, anyone?

IMO, it might even go down to 1.25 area. but i'm more positional.... so it doesnt matter...it has tested a significant high at around 1.2950 already...
let's hope for the best.....

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Added on September 13, 2012, 9:44 pmmost of those sifu here are with high patience, like mr. poks, he usually avoid trading on news....
well, it seems like there is no signal for short yet, but things might change, i would prefer to wait till tomorrow to see if there is any bearish engulfing.

oh ya, beware of huge fakeouts too....

happy trading hommies.....

This post has been edited by tehoice: Sep 13 2012, 09:44 PM