After
spending a weekend lying in bed with a fever and feeling miserable, this
morning I got up, took a look at the EUR/USD chart and I discovered that last
night the candlestick in the daily filter formed a falling star. Although it is
never quite certain what will happen next when the price reaches the middle
band of Bollinger Bands, I think this candlestick means range will continue, especially
considering that this pattern has already repeated several times over in the
past three weeks. I expect the price to fall back to the support at 1.3330.
Only time will tell what will happen after that.
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