Thursday, 30 December 2010

Euro$

We are back on the same important RL as i talked about on Tuesday
We will now see if price has the energy to take out this resistance and go higher. A failure to take out this RL plus the magenta coloured UMLP
(from a Mod Schiff fork) in the bottom EuroUsd chart would consign us to the same range as we have seen previously If price breaks upward through the RL which now sits at 1.3300 this will mean the USDX down to the d-sloping CL at around 79.20.

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