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Thursday, July 26, 2012

$EURUSD: Consolidation mode 2. Interesant pattern.

Five hour ago we posted (below) that EURUSD was in consolidation mode. Forecasting is not only up or down because there is a third move: sideways, and it´s important to manage it. Above, we are giving some hours more for this consolidation mode.

$EURUSD: Consolidation mode.

Consolidation mode is a very boring stage, because price fluctuates in a tight range and could last, inclusive, 24 hours. We are bullish after this consolidation finish.

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