EURUSD Price Analysis

>> Jan 9, 2013


H4 chart of EURUSD above.

Prices have been on uptrend, then flattened and moved in a range and now could be the beginning of a downtrend. See the 3 red arrows how they transitioned from up to flat to down.

Also note the flag price pattern which developed, prices break out of the pattern and moved south. This is a high probability bear trade. 

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