12/11/2012
As for the intraday trading, today, I plan to update the low and reach the target of 1.1615, well, that's the point where the southern movement will end, and there will be a rebound, I don't see higher today, if we pull back, the targets will be 1.1660 and 1.1670, you know, we can reach 1.1800, but I write what I see according to the trading system.
In a word, I'm waiting for the south of 1.1615, then a rebound and pullback, that's all, so I expect slow motion today.
According to my estimations, the level 1.1615 is rebounding, and the continuation of the north, but since we have turned H4 to the south, which means that we'll be here for a week or two. There are two options of the situation ahead, the first option is in the range of 1.1590 and 1.1740, and the second one is a breakout to the deep south, that's what H4 shows, I'm still sticking to the flat in the range of 1.1590 and 1.1730 for two weeks.
As for the trading range for today, the top is 1.1780, the bottom is 1.1615, today we will test it. In addition, it acts as a rebounding level, but this does not mean that we should buy, it is necessary to enter purchases by signals to the north, I I think there will be any signal while we are going down to 1.1615.
As for the levels confirming the directions, the top is 1.1719, the bottom is 1.1665, we are currently below the level of 1.1665, which confirms our southern trend once again.