Spot the difference between the location of the reaction lines in these two charts...1 min and 5 mins ( my observation about object/RL shift explained here)
After US data we seem to have the Euro under some pressure after it's impressive rally in the last 24hrs ( would you buy Euros at 1.3450 -1.3500? I would not touch them with a bargepole at these levels). Re the DX charts...you cn see that the March DX chart gives us a hold on the LMLP in the MT chart but this is no so in the continious E-signal chart. If we see price action continue i will look for a long US$ position on the first shallow retracement. More to come
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