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European and American Session EURJPY: The price quoted in a subrange finally breaking up

February 18, 2011 by Forex Market

Today the EURJPY pair has been in the range of about 55 pips. The European session has been characterized by a session more complicated because the price set a subrange within the Asian range. The first signal for the input we had after the opening of Frankfurt, when the price broke the previous low by providing an opportunity to go short. The price was unable to make new lows as the best place to go was when the price reached the previous low, or later when they approached this, when he formed the double floor ….

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