Anticipated scenario form 06.11.2013 was fulfilled yesterday evening. Now we are looking to take a short around the same spot which is 1.3450 – start watching price action above 1.3440 and then we’ll decide about the details of a short trade. Keeping in mind NFP report today, on the picture above we marked good levels to counter trade a spike (up or down). About an hour before NFP news we will stop trading (short @ 1.3450). Interesting observation was a fact of no reaction (no continuation of down move) to France’s credit downgrade to AA by S&P.
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