Example: EUR/USD Long 1.2655-1.2640 – Nov. 6, 2008
There are 2 big levels here: 1.2655 (bottom of 1hr bucket) 1.2640 (intersection of diagonal trendline) I went long at 1.2656 just in case 1.2640 didnt get hit. Because they were so close together, only
Radical Rate Cuts Expected Today from ECB, BOE