Wednesday, January 14, 2009

Today's Report

* What a dumb fool I was yesterday. I violated one of my strict entry rules. And guess what? Such mistake did not come without a price, and a hefty one at that. It was a bitter pill to swallow.

* EUR/USD dips further to as low as 1.3188 in early US session and at this point, intraday bias remains on the downside as long as 1.3444 minor resistance holds. As discussed before, consolidation from 1.2329 has possibly completed at 1.4719 already. Further decline should be seen to 1.2549 support first then retest 1.2329 low.

* US Core Retail Sales at 9.30 pm.

* Live Trading: Sold EUR/USD 1.3162 [Closed at BE]

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