Tuesday 16 November 2010

Euro$











Here we are on the grey LMLP...this is a great example of distortion that occurs in all charts with objects. In the 5 min chart we are below the LMLP and in the 1 min we are on the LMLP. We may now have another cycle up but i suspect another 20 pt surge then back down again to retest.. It still -to me- does not look like we have a swing low and think it highly probable the euro will remain under pressure and test 1.3550

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