Wednesday, January 14, 2015

Bullish Butterfly - 4-hr. - EUR/USD

A Bullish Butterfly pattern has developed on the 4-hr. and 1-hr. charts of the EUR/USD.  This is against the long-term downtrend but looks good.  AB=CD@1.1773.  Pattern Data:

X = 1.1761
A = 1.1870
B = 1.1785
C = 1.1858
D = 1.1752



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