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I am using this Blog as a mechanism to attract traffic to our Company Vampire Trading Network, Inc. I will post my analysis of the Euro FOREX Currency using our proven custom indicators. I hope you will use this information to your advantage, realizing that it is a speculation on what might happen. Any trade is a 50:50 proposition. I hope to increase your probability of success.

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Wednesday, June 16, 2010

4Hour Breakout Looks to be Eminent

The daily has now given us a new trend to llok at committing now for a long back toward 1.2500's.

For now I would be cautious regarding a move much beyond 1.2538 for now.  The indecision in Europe is key, as well as the USD.  It should be noted that most all fundamentals good and bad have favored strength in the EURO.  If a break through is seen above 1.2538, then I would look for a retrace at 1.2730's.  At any rate be cautions of the following resistances 1.2412, 1.2530 and 1.2730

The Daily should carry the 4 hour up.  For caution allow to break current resistance of high 1.2345.

Again targeting 1.2412, 1.2512 and 1.2600, with an outside chance of 1.2638.

My personal feeling is that we will have a consolidation either at 1.2418 or  1.2518 depending on the strength of the move.

The last few days have had limited volume or momentum as indicated by all the YELLOW in Vampire Trading Network, Inc. Custom Heat Map.

This and other custom indicators used in determining trade trend and predicting target points are available through Subscription.
Posted by at 2:41 AM

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